Mont. Code Ann. § 72-39-214

Removal or replacement of authorized fiduciary

Last amended: 2021Year: 2026Length: 109 wordsOfficial source
72-39-214 . Removal or replacement of authorized fiduciary. 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.
Mont. Code Ann. § 72-39-214: Removal or replacement of authorized fiduciary | Justis AI