Powers of trust director

14A V.S.A. ch. 013, § 1306, under Uniform Directed Trust Act.

14A V.S.A. ch. 013, § 1306

§ 1306. Powers of trust director

(a) Subject to section 1307 of this title, 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 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)