30-4-8-14. Appointment of trust directors

IN Code § 30-4-8-14 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 14. (a) A transferor may appoint one (1) or more trust directors who may have authority under the terms of the trust:

(1) to remove and appoint qualified trustees or trust directors; and

(2) to direct, consent to, or disapprove distributions from the trust.

(b) Trust directors are not required to satisfy the requirements imposed upon trustees by section 6 of this chapter.

As added by P.L.221-2019, SEC.9.