72-40-110. Powers of trust director.
74 words·~1 min read·
/mt/title-72/chapter-40/part-1/72-40-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-40-110 . Powers of trust director.
(1)Subject to 72-40-111 , the terms of a trust may grant a power of direction to a trust director.
(2)Unless the terms of a trust provide otherwise:
(a)a trust director may exercise any further power appropriate to the exercise or nonexercise of a power of direction granted to the director under subsection (1); and
(b)trust directors with joint powers shall act by majority decision.