§ 15-16-816 — Office of trust director

(1) Unless the terms of a trust provide
otherwise, the rules applicable to a trustee apply to a trust director regarding the
following matters:

(a) Acceptance under section 15-5-701;

(b) Giving of bond to secure performance under section 15-5-702;

(c) Reasonable compensation under sections 15-5-1004, 15-10-501 (3), and
15-10-601;

(d) Resignation under section 15-5-705;

(e) Removal under section 15-5-706;

(f) Vacancy and appointment of successor under section 15-5-704; and

(g) The right to petition the court for instructions under section 15-5-201 (3).

Legislative History

Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 173, � 1, effective August 2.