55-1B DIRECTED TRUSTS
Definition of terms.
Governing instrument may provide trust advisor or trust protector with powers and
immunities of trustee.
Liability limits of excluded fiduciary.
Death of grantor.
When trust advisor considered as fiduciary.
Excluded fiduciary's liability for loss if trust protector appointed.
Powers and discretions of trust protector.
Submission to court jurisdiction--Effect on trust advisor or trust protector.
Powers of trust protector incorporated by reference in will or trust instrument.
Investment trust advisor or distribution trust advisor provided for in trust instrument.
Powers and discretions of investment trust advisor.
Powers and discretions of distribution trust advisor.