§1209. Formalities
An exercise of the decanting power must be made in a record signed by an authorized fiduciary. The signed record must, directly or by reference to the notice required by section 1207, identify the first trust and the 2nd trust or trusts and state the property of the first trust being distributed to each 2nd trust and the property, if any, that remains in the first trust. [PL 2021, c. 235, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 235, §1 (NEW).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 12: MAINE UNIFORM TRUST DECANTING ACT
18-B §1205. Application; governing law
18-B §1206. Reasonable reliance
18-B §1207. Notice; exercise of decanting power
18-B §1210. Decanting power under expanded distributive discretion
18-B §1211. Decanting power under limited distributive discretion
18-B §1212. Trust for beneficiary with disability
18-B §1213. Protection of charitable interest
18-B §1214. Trust limitation on decanting
18-B §1215. Change in compensation
18-B §1216. Relief from liability and indemnification
18-B §1217. Removal or replacement of authorized fiduciary
18-B §1218. Tax-related limitations
18-B §1219. Duration of 2nd trust
18-B §1220. Need to distribute not required
18-B §1222. Trust for care of animal
18-B §1223. Terms of 2nd trust
18-B §1225. Later-discovered property
18-B §1227. Uniformity of application and construction
18-B §1228. Relation to Electronic Signatures in Global and National Commerce Act