Maine § 18-B §2116 Office of trust director

Maine Statutes

§ 18-B §2116 — Office of trust director

Maine § 18-B §2116

Title 18-BTRUSTS

Part 2MAINE UNIFORM DIRECTED TRUST ACT

This text of Maine § 18-B §2116 (Office of trust director) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 18-B, § 18-B §2116 (2026).

Text

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. Acceptance under the Maine Uniform Trust Code, section 701;

2.Bond to secure performance. Giving of bond to secure performance under the Maine Uniform Trust Code, section 702;

3.Reasonable compensation. Reasonable compensation under the Maine Uniform Trust Code, section 708;

4.Resignation. Resignation under the Maine Uniform Trust Code, section 705;

5.Removal. Removal under the Maine Uniform Trust Code, section 706; and

6.Successor. Vacancy and appointment of successor under the Maine Uniform Trust Code, section 704.

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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.
Acceptance under the Maine Uniform Trust Code, section 701;
2.
Bond to secure performance.
Giving of bond to secure performance under the Maine Uniform Trust Code, section 702;
3.
Reasonable compensation.
Reasonable compensation under the Maine Uniform Trust Code, section 708;
4.
Resignation.
Resignation under the Maine Uniform Trust Code, section 705;
5.
Removal.
Removal under the Maine Uniform Trust Code, section 706; and
6.
Successor.
Vacancy and appointment of successor under the Maine Uniform Trust Code, section 704.