Me. Stat. tit. 18-B § 2116

Current through 131st (2023-2024) Legislature Chapter 634

Section 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: [2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

18-B M.R.S. § 2116

Added by 2019, c. 301,§ 8, eff. 9/19/2019.