Vermont § 1422 - Savings provision

Full text of Vermont Vermont Statutes Online § 1422 — Savings provision, with citation guidance and answers to common questions.

§ 1422. Savings provision

  • (a) If exercise of the decanting power would be effective under this chapter except that
    the second-trust instrument in part does not comply with this chapter, 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 this chapter
    is void to the extent necessary to comply with this chapter; and (2) a provision required by this chapter 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 this chapter. (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. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)

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Frequently Asked Questions About Vermont § 1422

What does Vermont Statutes Online § 1422 cover?

Section 1422 ("Savings provision") 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 § 1422?

A common citation format is "Vermont Statutes Online § 1422" (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 § 1422 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.