(1) Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: (a) Acceptance under section 15-5-701 ; (b) Giving of bond to secure performance under section 15-5-702 ; (c) Reasonable compensation under sections 15-5-1004 , 15-10-501 (3), and 15-10-601 ; (d) Resignation under section 15-5-705 ; (e) Removal under section 15-5-706 ; (f) Vacancy and appointment of successor under section 15-5-704 ; and (g) The right to petition the court for instructions under section 15-5-201 (3).
C.R.S. § 15-16-816
Office of trust director
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.