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Me. Rev. Stat. tit. 18-B, § 2116

Office of trust director

PL 2019, c. 301, §8 (NEW).

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. Acceptance under the Maine Uniform Trust Code, section 701;

2. Bond to secure performance. Giving of bond to secure performance under the Maine Uniform Trust Code, section 702;

3. Reasonable compensation. Reasonable compensation under the Maine Uniform Trust Code, section 708;

4. Resignation. Resignation under the Maine Uniform Trust Code, section 705;

5. Removal. Removal under the Maine Uniform Trust Code, section 706; and

6. Successor. Vacancy and appointment of successor under the Maine Uniform Trust Code, section 704.

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