New Hampshire Statutes
§ 564-B:12-1207 — Office of the Trust Advisor or Trust Protector
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-B NEW HAMPSHIRE TRUST CODE·Subdivision ARTICLE 12TRUST PROTECTORS AND TRUST ADVISORS
(a)A trust advisor or trust protector is subject to the same rules to which a sole trustee would be subject under this chapter in the same circumstances with respect to the following:
(1)Accepting or declining his, her, or its appointment;
(2)Vacancy and appointment of a successor;
(3)Resignation;
(4)Removal; and
(5)Compensation.
(b)A trust advisor or trust protector shall not have an obligation to give bond to secure performance of his, her, or its duties.
(c)Subject to this article 12, a trust advisor or trust protector is subject to the same rules as a sole trustee would be subject under this chapter in the same circumstances with respect to exoneration and indemnification.
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New Hampshire § 564-B:12-1207 (Office of the Trust Advisor or Trust Protector) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2017, 257:31, eff. July 18, 2017.
Nearby Sections
15
§ 564-B:1-101
Short Title§ 564-B:1-102
Scope§ 564-B:1-103
Definitions§ 564-B:1-104
Knowledge§ 564-B:1-105
Default and Mandatory Rules§ 564-B:1-106
Common Law of Trusts; Principles of Equity§ 564-B:1-107
Governing Law§ 564-B:1-108
Principal Place of Administration§ 564-B:1-109
Methods and Waiver of Notice§ 564-B:1-110
Others Treated as Qualified Beneficiaries§ 564-B:1-111
Nonjudicial Settlement Agreements§ 564-B:1-111A
Nonjudicial Dispute Resolution§ 564-B:1-112
Rules of Construction§ 564-B:1-113
Precatory Language§ 564-B:10-1001
Remedies for Breach of Trust