Maine Revised Statutes Title 18-B Sec. 2106 – Powers of trust director
Current as of: 2023 | Check for updates
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1. Power of direction. Subject to section 2107, the terms of a trust may grant a power of direction to a trust director.
[PL 2019, c. 301, §8 (NEW).]
Terms Used In Maine Revised Statutes Title 18-B Sec. 2106
- Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72
2. Powers of trust director. 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 [PL 2019, c. 301, §8 (NEW).]
B. Trust directors with joint powers shall act by majority decision. [PL 2019, c. 301, §8 (NEW).]
[PL 2019, c. 301, §8 (NEW).]
SECTION HISTORY
PL 2019, c. 301, §8 (NEW).