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Maryland Code

Estates and Trusts

6

Maryland Trust Decanting Act

State of Maryland

14-601Definitions 14-602Construction and Application of Subtitle 14-602.1Required Notifications; Document Transmittal 14-603Fiduciary Duties Applicable; NO Duty to Decant; Terms of Trust Deemed to Include Decanting Power 14-604NO Liability for Reliance on Validity of Decanting 14-605Consent or Court Approval Not Required for Exercise of Decanting Power; Notice of Exercise of Decanting Power 14-606Court Authorized to Review or Control Exercise of Decanting Power upon Application 14-607Exercise of Decanting Power to be Recorded 14-608Authorized Fiduciary that Has Expanded Distributive Discretion over the Principal of a First Trust 14-609Authorized Fiduciary Who Has Limited Distributive Discretion over the Principal of a First Trust 14-610Special Needs Fiduciaries 14-611Determinable Charitable Interests; Attorney General 14-612Prohibitions and Restrictions on Decanting Power by Trust Instrument 14-613Compensation of Fiduciary 14-614Liability and Indemnification of Fiduciary 14-615Provisions Granting the Power to Remove or Replace the Authorized Fiduciary 14-616Qualification for Tax Benefits; Maintaining Certain Statuses of the Trust; Grantor Trusts 14-617Duration 14-618Discretionary Distribution Standards 14-619Failure to Comply with this Subtitle in Part 14-620Trusts Created to Care for Animals 14-621Reference to Trust Instrument or Terms of Trust 14-622Settlor Intent 14-623Later-Discovered Property 14-624Debts, Liabilities, or Obligations 14-625Short Title