Section 14-602 - Applicability(a) Except as otherwise provided in this section, this subtitle applies to any express trust that: (1) Is irrevocable or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest; and(2)(i) Has its principal place of administration in this State, including a trust whose principal place of administration has been changed to this State; or(ii) Is governed by the law of this State for the purpose of: 1. Administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this State;2. Construction of the terms of the trust; or3. Determining the meaning or effect of the terms of the trust.(b) This subtitle does not apply to a trust held solely for charitable purposes.(c) Except as otherwise provided in this subtitle, a trust instrument may restrict or prohibit the exercise of the decanting power.(d) This subtitle does not limit the power of a trustee, a powerholder, or any other person to: (1) Distribute or appoint property in further trust; or(2) Modify a trust under the trust instrument, law of this State other than this title, common law, a court order, or a nonjudicial settlement agreement.(e) This subtitle does not limit the ability of a settlor to provide in a trust instrument for the distribution or appointment in further trust of trust property or the modification of the trust instrument.Added by 2023 Md. Laws, Ch. 716, Sec. 1, eff. 10/1/2023.Added by 2023 Md. Laws, Ch. 715, Sec. 1, eff. 10/1/2023.