Powers of trust director
(1) Subject to 72-40-111, the terms of a trust may grant a power of direction to a trust director.
(2) Unless the terms of a trust provide otherwise:
(a) 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 (1); and
(b) trust directors with joint powers shall act by majority decision.
| EnactedEn. SectionSec. 6, ChapterCh. 325, Laws ofL. 2021 (SB 239 - McNally, Mary (D) SD 24) |