Section 14-615 - Modification of a provision of a first trust instrumentAn authorized fiduciary may not exercise the decanting power to modify a provision in a first trust instrument granting another person the power to remove or replace the authorized fiduciary unless:
(1) If the modification applies only to the person, the person holding the power consents to the modification in a signed record;(2) The person holding the power and the qualified beneficiaries of the second trust consent to the modification in a signed record and the modification grants a substantially similar power to another person; or(3) A court approves the modification and the modification grants a substantially similar power to another person.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.