Need to distribute not required

1. Law
2. Maine Revised Statutes
3. TRUSTS
4. MAINE UNIFORM TRUST CODE
5. MAINE UNIFORM TRUST DECANTING ACT
6. Need to distribute not required

§1220. Need to distribute not required

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).

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