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2022 Florida Statutes (including 2022C, 2022D, 2022A, and 2023B)
SECTION 1406
Power of trust director.
Power of trust director.
736.1406 Power of trust director.—
(1) Subject to s. 736.1407, relating to trust directors being subject to the same rules as a trustee regarding Social Security Act reimbursement requirements and charitable trust instruments, the terms of a trust may grant a power of direction to a trust director.
(2) A power of direction includes only those powers granted by the terms of the trust.
(3) 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 trust director under subsection (1); and
(b) Trust directors with joint powers must act by majority decision.
History.—s. 17, ch. 2021-183.