(760 ILCS 3/1218)
Sec. 1218. Removal or replacement of authorized fiduciary. An authorized fiduciary may not exercise the decanting power to modify a provision in the 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;
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(2) the person holding the power and the qualified beneficiaries of the second trust
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| consent to the modification in a signed record and the modification grants a substantially similar power to another person; or
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(3) the court approves the modification and the modification grants a substantially
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| similar power to another person.
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(Source: P.A. 101-48, eff. 1-1-20.)
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