Florida Statutes § 736.1406 — Power of trust director.
Search Florida StatutesFrom the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.
Part XIV — FLORIDA UNIFORM DIRECTED TRUST ACT
(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
History.—s. 17, ch. 2021-183.
Source captured on 2026-10-10. Read the official chapter.