18-B M.R.S. §2116: Office of trust director

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.