West Virginia Code 44D-8A-806 – Powers of trust director
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(a) Subject to § 44D-8A-807 of this code, the terms of a trust may grant a power of direction to a trust director.
Terms Used In West Virginia Code 44D-8A-806
- Power of direction: means a power over a trust granted to a person by the terms of the trust to the extent the power is exercisable while the person is not serving as a trustee. See West Virginia Code 44D-8A-802
- Trust director: means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee. See West Virginia Code 44D-8A-802
(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 director under subsection (a) of this section; and
(2) Trust directors with joint powers must act by majority decision.