§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).
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