Public-domain · open source
OpenJurist

Vt. Stat. Ann. tit. 14A, § 1306

Powers of trust director

Known as the Uniform Directed Trust Act

The act spans §§ 14A-1301 to 14A-1318 (18 sections).

Added 2023, No. 104 (Adj

(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.

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