Va. Code § 64.2-779.29

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-779.29 - Powers of trust director

A. Subject to § 64.2-779.30, 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 trust director under subsection A; and

2. Trust directors with joint powers must act by majority decision.

Va. Code § 64.2-779.29

2020, c. 768.

Added by Acts 2020 c. 768, § 1, eff. 7/1/2020.