Appointment of Trust Directors

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Sec. 14. (a) A transferor may appoint one (1) or more trust directors who may have authority under the terms of the trust:

(1) to remove and appoint qualified trustees or trust directors; and

(2) to direct, consent to, or disapprove distributions from the trust.

(b) Trust directors are not required to satisfy the requirements imposed upon trustees by section 6 of this chapter.

As added by P.L.221-2019, SEC.9.


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