Vermont § 1404 - Fiduciary duty
Full text of Vermont Vermont Statutes Online § 1404 — Fiduciary duty, with citation guidance and answers to common questions.
§ 1404. 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) This chapter does not create or imply a duty to exercise the decanting power or to
inform beneficiaries about the applicability of this chapter. (c) Except as otherwise provided in a first-trust instrument, for purposes of this chapter
and section 801 and subsection 802(a) of this title, the terms of the first trust are deemed to include the decanting power. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1404
What does Vermont Statutes Online § 1404 cover?
Section 1404 ("Fiduciary duty") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1404?
A common citation format is "Vermont Statutes Online § 1404" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.