Public-domain · open source
OpenJurist

Mont. Code Ann. § 72-40-110

Powers of trust director

Known as the Uniform Directed Trust Act

The act spans §§ 72–72 (19 sections).

En

(1) Subject to 72-40-111, the terms of a trust may grant a power of direction to a trust director.

(2) 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

(b) trust directors with joint powers shall act by majority decision.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.