Code of Virginia (Last Updated:July 28, 2020) |
TITLE 64.2. Wills, Trusts, and Fiduciaries |
SUBTITLE III. Trusts |
CHAPTER 7. Uniform Trust Code |
ARTICLE 8.2. Uniform Directed Trust Act |
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. 2020, c. 64.2-779.30 . |