Section 34-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] Fiduciary duty(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) Sections 1 to 29, inclusive, of this act do not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of the provisions of the Connecticut Uniform Trust Decanting Act.(c) Except as provided in a first-trust instrument, for purposes of sections 1 to 29, inclusive, of this act and section 45a-499aaa of the general statutes and subsection (a) of section 45a-499bbb of the general statutes, the terms of the first trust are deemed to include the decanting power.Conn. Gen. Stat. § 34-NEW
Added by P.A. 24-0104,S. 4 of the Connecticut Acts of the 2024 Regular Session, eff. 1/1/2025.