§ 29-1-10-11 — Joint representatives; powers; voting shares of stock

(a) Where powers possessed by two (2) or
more personal representatives are to be exercised by them jointly, the
will of the majority shall control the manner in which such power shall
be exercised unless the will otherwise provides.
Where the personal representatives, or a majority of them, cannot
agree, or where they are equally divided upon the manner in which
such power shall be exercised, other than in the voting of shares of
stock, the court shall, upon petition filed by any of such personal
representatives or by any party in interest, direct the manner in which
such power shall be exercised, and such power shall be exercised only
in accordance with such direction.
(b) Shares of stock held by personal representatives may be voted
by the personal representatives in such manner as the instrument or
order appointing such personal representatives may direct. In the
absence of such direction or the inability of the personal
representatives to act in accordance therewith, the following provisions
shall apply:
(1) Where shares of stock are held jointly by two (2) or more
personal representatives, such shares shall be voted in accordance with
the will of the majority.
(2) Where the personal representatives or a majority of them cannot
agree, or where they are equally divided upon the question of voting
such shares of stock, the court shall, upon petition filed by any of such
personal representatives or by any party in interest, direct the voting of
such shares as it may deem for the best interest of the beneficiaries, and
such shares shall be voted in accordance with such direction.
Formerly: Acts 1953, c.112, s.1011.