35-16-109 - Transferor as investment advisor Retention of veto right.
35-16-109. Transferor as investment advisor Retention of veto right.
A person may serve as an investment advisor notwithstanding that the person is the transferor of the qualified disposition, but the person may not otherwise serve as advisor to a trust that is a qualified disposition except with respect to the retention of the veto right permitted by § 35-16-111(1).
[Acts 2007, ch. 144, § 9.]