30-4-9-6. Powers of direction

IN Code § 30-4-9-6 (2019) (N/A)
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Sec. 6. (a) Subject to section 7 of this chapter, the terms of the 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); and

(2) trust directors with joint powers must act by majority decision.

As added by P.L.221-2019, SEC.10.