US Lawyer Database

§ 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.

§ 28-76-116. 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 […]

§ 28-76-102. Definitions. [Effective January 1, 2020.]

As used in this chapter: (1) “Breach of trust” includes a violation by a trust director or trustee of a duty imposed on that director or trustee by the terms of the trust, this chapter, or law of this state other than this chapter pertaining to trusts. (2) “Directed trust” means a trust for which […]

§ 28-76-105. Exclusions. [Effective January 1, 2020.]

(a) In this section, “power of appointment” means a power that enables a person acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over trust property. (b) This chapter does not apply to a: (1) power of appointment; (2) power to appoint or remove a […]