Maine § 18-B §2116 Office of trust director

Maine Statutes

§ 18-B §2116 — Office of trust director

Maine·Title 18-B TRUSTS·Part 2 MAINE UNIFORM DIRECTED TRUST ACT

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.