# 14A V.S.A. § 1404: Fiduciary duty

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1404

## Section

- **Citation:** 14A V.S.A. § 1404
- **Heading:** Fiduciary duty
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 14A / Chapter 14 / Section 1404

## Text

(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.

## Nearby sections

- [14A V.S.A. § 1401 § 1401. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1401.md)
- [14A V.S.A. § 1402 § 1402. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1402.md)
- [14A V.S.A. § 1403 § 1403. Scope](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1403.md)
- [14A V.S.A. § 1404 § 1404. Fiduciary duty](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1404.md)
- [14A V.S.A. § 1405 § 1405. Application; governing law](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1405.md)
- [14A V.S.A. § 1406 § 1406. Reasonable reliance](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1406.md)
- [14A V.S.A. § 1407 § 1407. Notice; exercise of decanting power](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1407.md)
- [14A V.S.A. § 1408 § 1408. Representation](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1408.md)
- [14A V.S.A. § 1409 § 1409. Court involvement](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1409.md)
- [14A V.S.A. § 1410 § 1410. Formalities](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1410.md)
- [14A V.S.A. § 1411 § 1411. Decanting power under expanded distributive discretion](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1411.md)
- [14A V.S.A. § 1412 § 1412. Decanting power under limited distributive discretion](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1412.md)
- [14A V.S.A. § 1413 § 1413. Trust for beneficiary with disability](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1413.md)
- [14A V.S.A. § 1414 § 1414. Protection of charitable interest](https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T14A_C14_S1404. Check the current official text before relying on it. Not legal advice.