Florida Statutes § 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.
- (a)
History
History.—s. 17, ch. 2021-183.