                                 CODE OF VIRGINIA

REMOVAL OR REPLACEMENT OF AUTHORIZED FIDUCIARY (§ 64.2-779.15)

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 the 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.

HISTORY: 2017, c. 592.