Sec. 16. Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
(1) Acceptance (IC 30-4-2-2).
(2) Giving of bond to secure performance (IC 30-4-6-8).
(3) Reasonable compensation (IC 30-4-5-16).
(4) Resignation and removal (IC 30-4-3-29).
(5) Vacancy and appointment of successor (IC 30-4-3-33).
As added by P.L.221-2019, SEC.10.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 9. Uniform Directed Trust Act
30-4-9-5. Powers of Appointment
30-4-9-7. Rules Relating to Payback Provisions; Charitable Interest
30-4-9-8. Duties and Liabilities of a Trust Director
30-4-9-9. Duties and Liabilities of a Directed Trustee
30-4-9-10. Providing Information to a Trust Director; Liability; Breach of Trust
30-4-9-11. Duties of Trust Director and Trustee Under the Terms of the Trust
30-4-9-12. Relief of Cotrustee From Duties and Liabilities
30-4-9-13. Causes of Action; Statutes of Limitations
30-4-9-14. Causes of Action; Defenses