§2113. Limitation of action against trust director
1. Action for breach of trust. An action against a trust director for breach of trust must be commenced within the same limitation period as in the Maine Uniform Trust Code, section 1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.
[PL 2019, c. 301, §8 (NEW).]
2. Report or accounting. A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under the Maine Uniform Trust Code, section 1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.
[PL 2019, c. 301, §8 (NEW).]
SECTION HISTORY
PL 2019, c. 301, §8 (NEW).
Structure Maine Revised Statutes
Part 2: MAINE UNIFORM DIRECTED TRUST ACT
Chapter 21: MAINE UNIFORM DIRECTED TRUST ACT
18-B §2103. Application; principal place of administration
18-B §2104. Common law and principles of equity
18-B §2106. Powers of trust director
18-B §2107. Limitations on trust director
18-B §2108. Duty and liability of trust director
18-B §2109. Duty and liability of directed trustee
18-B §2110. Duty to provide information to trust director or trustee
18-B §2111. No duty to monitor, inform or advise
18-B §2112. Application to cotrustee
18-B §2113. Limitation of action against trust director
18-B §2114. Defenses in action against trust director
18-B §2115. Jurisdiction over trust director
18-B §2116. Office of trust director
18-B §2117. Uniformity of application and construction
18-B §2118. Relation to Electronic Signatures in Global and National Commerce Act