Maine § 18-B §701 Accepting or declining trusteeship

Maine Statutes

§ 18-B §701 — Accepting or declining trusteeship

Maine § 18-B §701

Title 18-BTRUSTS

Part 1MAINE UNIFORM TRUST CODE

Ch. 7OFFICE OF TRUSTEE

This text of Maine § 18-B §701 (Accepting or declining trusteeship) 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 §701 (2026).

Text

1.Acceptance. Except as otherwise provided in subsection 3, a person designated as trustee accepts the trusteeship:

2.Rejection. A person designated as trustee who has not yet accepted the trusteeship may reject the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship.

3.Action without acceptance. A person designated as trustee, without accepting the trusteeship, may:

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Acceptance.
Except as otherwise provided in subsection 3, a person designated as trustee accepts the trusteeship:
2.
Rejection.
A person designated as trustee who has not yet accepted the trusteeship may reject the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship.
3.
Action without acceptance.
A person designated as trustee, without accepting the trusteeship, may: