Title 18-B: TRUSTS

Part 2: MAINE UNIFORM DIRECTED TRUST ACT

Chapter 21: MAINE UNIFORM DIRECTED TRUST ACT

§2116. Office of trust director

Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:   [PL 2019, c. 301, §8 (NEW).]

1.  Acceptance.  Acceptance under the Maine Uniform Trust Code, section 701;  

[PL 2019, c. 301, §8 (NEW).]

2.  Bond to secure performance.  Giving of bond to secure performance under the Maine Uniform Trust Code, section 702;  

[PL 2019, c. 301, §8 (NEW).]

3.  Reasonable compensation.  Reasonable compensation under the Maine Uniform Trust Code, section 708;  

[PL 2019, c. 301, §8 (NEW).]

4.  Resignation.  Resignation under the Maine Uniform Trust Code, section 705;  

[PL 2019, c. 301, §8 (NEW).]

5.  Removal.  Removal under the Maine Uniform Trust Code, section 706; and  

[PL 2019, c. 301, §8 (NEW).]

6.  Successor.  Vacancy and appointment of successor under the Maine Uniform Trust Code, section 704.  

[PL 2019, c. 301, §8 (NEW).]

SECTION HISTORY

PL 2019, c. 301, §8 (NEW).