Indiana Statutes
§ 30-4-8-14 — Appointment of trust directors
(a)A transferor may appoint one (1) or more
trust directors who may have authority under the terms of the trust:
(1)to remove and appoint qualified trustees or trust directors; and
(2)to direct, consent to, or disapprove distributions from the trust.
(b)Trust directors are not required to satisfy the requirements
imposed upon trustees by section 6 of this chapter.
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Legislative History
As added by P.L.221-2019, SEC.9.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions