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Statute 30 4518 — Nebraska Law | CourtGPT
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Nebraska Legal Code

Statute 30 4518

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30-4518. 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.Source Laws 2020, LB808, § 28.