46-14-16: 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:

A. acceptance under Section 46A-7-701 NMSA 1978;

B. giving of bond to secure performance under Section 46A-7-702 NMSA 1978;

C. reasonable compensation under Section 46A-7-708 NMSA 1978;

D. resignation under Section 46A-7-705 NMSA 1978;

E. removal under Section 46A-7-706 NMSA 1978; and

F. vacancy and appointment of successor under Section 46A-7-704 NMSA 1978.