Maine § 18-B §105 Default and mandatory rules

Maine Statutes

§ 18-B §105 — Default and mandatory rules

Maine·Title 18-B TRUSTS·Part 1 MAINE UNIFORM TRUST CODE·Ch. 1 GENERAL PROVISIONS AND DEFINITIONS

1.Code governs. Except as otherwise provided in the terms of the trust, this Code governs the duties and powers of a trustee, relations among trustees and the rights and interests of a beneficiary.

2.Terms prevail; exceptions. The terms of a trust prevail over any provision of this Code except:

3.Waiver or modification. The settlor, in the trust instrument or in another writing delivered to the trustee, may waive or modify one or more of the duties of a trustee under section 813, subsections 1, 2 and 3 to give notice, information and reports to qualified beneficiaries in either or both of the following ways:

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1.
Code governs.
Except as otherwise provided in the terms of the trust, this Code governs the duties and powers of a trustee, relations among trustees and the rights and interests of a beneficiary.
2.
Terms prevail; exceptions.
The terms of a trust prevail over any provision of this Code except:
3.
Waiver or modification.
The settlor, in the trust instrument or in another writing delivered to the trustee, may waive or modify one or more of the duties of a trustee under section 813, subsections 1, 2 and 3 to give notice, information and reports to qualified beneficiaries in either or both of the following ways:

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Legislative History

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF). PL 2005, c. 184, §§5,6 (AMD). PL 2005, c. 683, §C7 (AMD). PL 2011, c. 42, §§2-4 (AMD). PL 2017, c. 349, §1 (AMD). PL 2019, c. 301, §2 (AMD).