US Lawyer Database

§ 28-76-112. Application to trustee. [Effective January 1, 2020.]

The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee’s exercise or nonexercise of a power of the other cotrustee to the same extent that in a directed trust a directed trustee is relieved from duty and liability with respect to a trust director’s power of direction […]

§ 28-75-116. Custodian compliance and immunity

(a) Not later than 30 days after receipt of the information required under §§ 28-75-107 — 28-75-115, a custodian shall comply with a request under this chapter from a fiduciary or designated recipient to disclose digital assets or terminate an account. If the custodian fails to comply, the fiduciary or designated recipient may apply to […]

§ 28-76-115. Jurisdiction over trust director. [Effective January 1, 2020.]

(a) By accepting appointment as a trust director of a trust subject to this chapter, the director submits to personal jurisdiction of the courts of this state regarding any matter related to a power or duty of the director. (b) This section does not preclude other methods of obtaining jurisdiction over a trust director.

§ 28-75-118. Relation to Electronic Signatures and Global National Commerce Act

This chapter modifies, limits, or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that act, 15 U.S.C. § 7001(c), or authorize electronic delivery of any of the notices described in Section 103(b) of that act, 15 U.S.C. […]

§ 28-76-116. Office of trust director. [Effective January 1, 2020.]

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 under § 28-73-701; (2) giving of bond to secure performance under § 28-73-702; (3) reasonable compensation under § 28-73-708; (4) resignation under § 28-73-705; (5) removal under § 28-73-706; and […]