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.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
30-4-8-5. Qualified Affidavits
30-4-8-6. Qualified Trustees; Duties
30-4-8-7. Prohibited Causes of Action; Effect of Spendthrift Provision
30-4-8-10. Spendthrift Provisions
30-4-8-11. Transferor's Rights and Authority
30-4-8-12. Transferor's Service as an Investment Advisor
30-4-8-14. Appointment of Trust Directors
30-4-8-15. Resignation of Qualified Trustee; Appointing Successor Trustees