Montana Statutes
§ 72-40-120 — Office Of Trust Director
Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 40 UNIFORM DIRECTED TRUST ACT·Part 1 General Provisions
72-40-120 . Office of trust director. 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 under 72-38-701 ;
(2)giving of bond to secure performance under 72-38-702 ;
(3)reasonable compensation under 72-38-708 ;
(4)resignation under 72-38-705 ;
(5)removal under 72-38-706 ; and
(6)vacancy and appointment of successor under 72-38-704 .
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 72-40-120 (Office Of Trust Director) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 16, Ch. 325, L. 2021.
Nearby Sections
15
§ 72-40-101
Short Title§ 72-40-102
Definitions§ 72-40-104
Common Law And Principles Of Equity§ 72-40-105
Exclusions§ 72-40-106
Through 72-40-109 Reserved§ 72-40-110
Powers Of Trust Director§ 72-40-111
Limitations On Trust Director§ 72-40-112
Duty And Liability Of Trust Director§ 72-40-113
Duty And Liability Of Directed Trustee§ 72-40-115
No Duty To Monitor, Inform, Or Advise§ 72-40-116
Application To Cotrustee§ 72-40-117
Limitation Of Action Against Trust Director§ 72-40-118
Defenses In Action Against Trust Director