§60-1206. Power of direction.
86 words·~1 min read·
/ok/title-60-property/60-1206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Subject to Section 8 of this act, the terms of a trust may grant a power of direction to a trust director.
B. Unless the terms of a trust provide otherwise:
1. 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 A of this section; and
2. Trust directors with joint powers must act by majority decision. Added by Laws 2024, c. 369, § 7, eff. Nov. 1, 2024.