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.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 9. Uniform Directed Trust Act
30-4-9-5. Powers of Appointment
30-4-9-7. Rules Relating to Payback Provisions; Charitable Interest
30-4-9-8. Duties and Liabilities of a Trust Director
30-4-9-9. Duties and Liabilities of a Directed Trustee
30-4-9-10. Providing Information to a Trust Director; Liability; Breach of Trust
30-4-9-11. Duties of Trust Director and Trustee Under the Terms of the Trust
30-4-9-12. Relief of Cotrustee From Duties and Liabilities
30-4-9-13. Causes of Action; Statutes of Limitations
30-4-9-14. Causes of Action; Defenses