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Ind. Code § 30-4-9-6

Powers of direction

Known as the Uniform Directed Trust Act

The act spans §§ 30-4-9-1 to 30-4-9-9 (17 sections).

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

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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.