Mont. Code § 72-40-110

Current through the 2023 Regular Session
Section 72-40-110 - 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.

§ 72-40-110, MCA

Added by Laws 2021, Ch. 325,Sec. 6, eff. 10/1/2021.