72-39-205. Court involvement. (1) On application of an authorized fiduciary, a person entitled to notice under 72-39-203(3), a beneficiary, or with respect to a charitable interest the attorney general or other person that has standing to enforce the charitable interest, the court may:
(a) provide instructions to the authorized fiduciary regarding whether a proposed exercise of the decanting power is permitted under this chapter and consistent with the fiduciary duties of the authorized fiduciary;
(b) appoint a special fiduciary and authorize the special fiduciary to determine whether the decanting power should be exercised under this chapter and to exercise the decanting power;
(c) approve an exercise of the decanting power;
(d) determine that a proposed or attempted exercise of the decanting power is ineffective because:
(i) after applying 72-39-218, the proposed or attempted exercise does not or did not comply with this chapter; or
(ii) the proposed or attempted exercise would be or was an abuse of the fiduciary's discretion or a breach of fiduciary duty;
(e) determine the extent to which 72-39-218 applies to a prior exercise of the decanting power;
(f) provide instructions to the trustee regarding the application of 72-39-218 to a prior exercise of the decanting power; or
(g) order other relief to carry out the purposes of this chapter.
(2) On application of an authorized fiduciary, the court may approve:
(a) an increase in the fiduciary's compensation under 72-39-212; or
(b) a modification under 72-39-214 of a provision granting a person the right to remove or replace the fiduciary.
History: En. Sec. 9, Ch. 177, L. 2021.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 39. Uniform Trust Decanting Act
72-39-202. Reasonable reliance
72-39-203. Notice -- exercise of decanting power
72-39-207. Decanting power under expanded distributive discretion
72-39-208. Decanting power under limited distributive discretion
72-39-209. Trust for beneficiary with disability
72-39-210. Protection of charitable interest
72-39-211. Trust limitation on decanting
72-39-212. Change in compensation
72-39-213. Relief from liability and indemnification
72-39-214. Removal or replacement of authorized fiduciary
72-39-215. Tax-related limitations
72-39-216. Duration of second trust
72-39-217. Need to distribute not required
72-39-219. Trust for care of animal
72-39-220. Terms of second trust