SB 78 Trust decanting; authorized fiduciary.
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Summary as introduced:
Trust decanting; authorized fiduciary. Reinstates the restriction in Virginia's former trust decanting law that limits the type of fiduciary who may exercise the decanting power to a disinterested trustee. The bill also reinstates the former provisions that state that the decanting power may be exercised by a majority of the authorized fiduciaries and that the court has the power to appoint a special fiduciary to exercise the decanting power. The bill contains an emergency clause.

Full text:
12/04/17  Senate: Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D  pdf

Status:
12/04/17  Senate: Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D
12/04/17  Senate: Referred to Committee for Courts of Justice