Ind. Code § 30-4-9-16

Applicable rules

Known as the Uniform Directed Trust Act

The act spans §§ 30–30 (17 sections).

As added by P.L.221-2019, SEC.10.

Sec. 16. 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 (IC 30-4-2-2).

(2) Giving of bond to secure performance (IC 30-4-6-8).

(3) Reasonable compensation (IC 30-4-5-16).

(4) Resignation and removal (IC 30-4-3-29).

(5) Vacancy and appointment of successor (IC 30-4-3-33).

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.