Sec. 29.3. (a) The power to appoint a successor trustee under a governing instrument or under section 33 of this chapter includes: (1) the power to appoint multiple successor trustees; and (2) the power to allocate trustee powers to one (1) or more trustees. (b) A trustee to whom powers: (1) have been exclusively allocated under subsection (a) must be a fiduciary only with respect to the powers allocated; and (2) have not been allocated under subsection (a) is not liable for the actions of a trustee to whom the powers, duties, and responsibilities are allocated. (c) The rules governing the rights, powers, duties, and liabilities of a governing instrument under this chapter apply to a trustee appointed under this section unless expressly limited by the terms of a governing instrument.
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