Maine Revised Statutes Title 18-B Sec. 1220 – Need to distribute not required
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 18-B Sec. 1220
- Fiduciary: A trustee, executor, or administrator.
An authorized fiduciary may exercise the decanting power whether or not, under the first trust’s discretionary distribution standard, the authorized fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise. [PL 2021, c. 235, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 235, §1 (NEW).