District of Columbia § 19-2106 Powers of trust director.

District of Columbia Statutes

§ 19-2106 — Powers of trust director.

District of Columbia·Title 19 Descent, Distribution, and Trusts. [Enacted title]·Ch. 21 Uniform Directed Trust Code.

(a)Subject to § 19-2107 , 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.

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(a) Subject to § 19-2107 , 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.

District of Columbia § 19-2106 (Powers of trust director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.