Powers of trust director

18-B M.R.S. § 2106, under Chapter 21.

18-B M.R.S. § 2106

1. Power of direction. Subject to section 2107, the terms of a trust may grant a power of direction to a trust director.

2. Powers of trust director. 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 [PL 2019, c. 301, §8 (NEW).]

B. Trust directors with joint powers shall act by majority decision.