                                 CODE OF VIRGINIA

FIDUCIARY DUTY (§ 64.2-779.2)

A. In exercising the decanting power, an authorized fiduciary shall act in
accordance with its fiduciary duties, including the duty to act in accordance
with the purposes of the first trust.

B. This article does not create or imply a duty to exercise the decanting power
or to inform beneficiaries about the applicability of this article.

C. Except as otherwise provided in a first-trust instrument, for purposes of
this article and &#xA7; 64.2-763 and subsection A of &#xA7; 64.2-764, the terms
of the first trust are deemed to include the decanting power.

HISTORY: 2017, c. 592.