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N.H. Rev. Stat. Ann. § 564-B:12-1207

Office of the Trust Advisor or Trust Protector

Known as the New Hampshire Trust Code

The act spans §§ 564-B:10-1001 to 564-B:9-907 (130 sections).

Source. 2017, 257:31, eff

(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.

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