Vermont § 1306 Powers of trust director

Vermont Statutes

§ 1306 — Powers of trust director

Vermont·Title 14A Title 14A: Trusts·Ch. 13 Chapter 013: Uniform Directed Trust Act

(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. (Added 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)

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(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. (Added 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)

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