Code of Virginia § 64.2-779.29. Powers of trust director.
74 words·~1 min read·
/va/title-64-2/chapter-7/64-2-779-29A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Subject to § 64.2-779.30 , 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 trust director under subsection A; and
2. Trust directors with joint powers must act by majority decision.
2020, c. 768 .