An authorized fiduciary may not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless:

1. (1) the person holding the power consents to the modification in a signed record and the modification applies only to the person;
2. (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. (3) the court approves the modification and the modification grants a substantially similar power to another person.

(Act 2018-519, §18.)