Florida Statutes § 736.1406

Power of trust director

2026 Florida Statutes.

  1. (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. (2)
    A power of direction includes only those powers granted by the terms of the trust.
  3. (3)
    Unless the terms of a trust provide otherwise:
    1. (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
    2. (b)
      Trust directors with joint powers must act by majority decision.

History

History.—s. 17, ch. 2021-183.