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Removal or replacement of authorized fiduciary

KRS 386B.13-170
in effect
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386B.13-170. Removal or replacement of authorized fiduciary 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) The person holding the power consents to the modification in a signed record and the modification applies only to that person; (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) The court approves the modification and the modification grants a substantially similar power to another person. Effective: July 15, 2026 History: Created 2026 Ky. Acts ch. 134, sec. 103, effective July 15, 2026.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57766Fetched: 10/20/2026

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