18-B §2113. Limitation of action against trust director
§2113. Limitation of action against trust director 1. Action for breach of trust. An action against a trust director for breach of trust must be commenced within the same limitation period as in the Maine Uniform Trust Code, section 1005 for an action for breach of trust against a trustee in a like position and […]
18-B §2114. Defenses in action against trust director
§2114. Defenses in action against trust director In an action against a trust director for breach of trust, the director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee. [PL 2019, c. 301, §8 (NEW).] SECTION […]
18-B §2115. Jurisdiction over trust director
§2115. Jurisdiction over trust director 1. Personal jurisdiction. By accepting appointment as a trust director of a trust subject to this Act, the director submits to personal jurisdiction of the courts of this State regarding any matter related to a power or duty of the director. [PL 2019, c. 301, §8 (NEW).] 2. Other […]
18-B §2116. Office of trust director
§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: [PL 2019, c. 301, §8 (NEW).] 1. Acceptance. Acceptance under the Maine Uniform Trust Code, section 701; [PL 2019, c. 301, §8 (NEW).] 2. Bond […]
18-B §2117. Uniformity of application and construction
§2117. Uniformity of application and construction In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. [PL 2019, c. 301, §8 (NEW).] SECTION HISTORY PL 2019, c. 301, §8 (NEW).
18-B §2118. Relation to Electronic Signatures in Global and National Commerce Act
§2118. Relation to Electronic Signatures in Global and National Commerce Act This Act modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 United States Code, Section 7001 et seq., but does not modify, limit or supersede Section 101(c) of that Act, 15 United States Code, Section 7001(c), or authorize […]
18-B §2119. Effective date
§2119. Effective date This Act takes effect January 1, 2020. [PL 2019, c. 301, §8 (NEW).] SECTION HISTORY PL 2019, c. 301, §8 (NEW).
18-B §1226. Obligations
§1226. Obligations A debt, liability or other obligation enforceable against property of a first trust is enforceable to the same extent against the property when held by the 2nd trust after exercise of the decanting power. [PL 2021, c. 235, §1 (NEW).] SECTION HISTORY PL 2021, c. 235, §1 (NEW).
18-B §1227. Uniformity of application and construction
§1227. Uniformity of application and construction In applying and construing this Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. [PL 2021, c. 235, §1 (NEW).] SECTION HISTORY PL 2021, c. 235, §1 (NEW).
18-B §1228. Relation to Electronic Signatures in Global and National Commerce Act
§1228. Relation to Electronic Signatures in Global and National Commerce Act This Act modifies, limits or supersedes the Electronic Signatures in Global and National Commerce Act, 15 United States Code, Section 7001 et seq., but does not modify, limit or supersede 15 United States Code, Section 7001(c), or authorize electronic delivery of any of the […]