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Conn. Gen. Stat. § 45a-545v

Saving provision

(P.A. 24-104, S. 22.) History: P.A. 24-104 effective January 1, 2025.

(a) If exercise of the decanting power would be effective under sections 45a-545a to 45a-545cc , inclusive, except that the second-trust instrument in part does not comply with sections 45a-545a to 45a-545cc , inclusive, the exercise of the power is effective and the following rules apply with respect to the principal of the second trust attributable to the exercise of the power:

(1) A provision in the second-trust instrument that is not permitted under sections 45a-545a to 45a-545cc , inclusive, is void to the extent necessary to comply with sections 45a-545a to 45a-545cc , inclusive.

(2) A provision required by sections 45a-545a to 45a-545cc , inclusive, to be in the second-trust instrument that is not contained in the instrument is deemed to be included in the instrument to the extent necessary to comply with sections 45a-545a to 45a-545cc , inclusive.

(b) If a trustee or other fiduciary of a second trust determines that subsection (a) of this section applies to a prior exercise of the decanting power, the fiduciary shall take corrective action consistent with the fiduciary's duties.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.