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 […]
18-B §1229. Effective date
§1229. Effective date This Act takes effect October 1, 2021. [PL 2021, c. 235, §1 (NEW).] Revisor’s Note: Notwithstanding the stated effective date of October 1, 2021 set forth in this section, PL 2021, chapter 235, which enacted this chapter, took effect on October 18, 2021, 90 days after the adjournment of the First […]
18-B §2101. Short title
§2101. Short title This Part may be known and cited as “the Maine Uniform Directed Trust Act.” [PL 2019, c. 301, §8 (NEW).] SECTION HISTORY PL 2019, c. 301, §8 (NEW).
18-B §2102. Definitions
§2102. Definitions As used in this Act, unless the context otherwise indicates, the following terms have the following meanings. [PL 2019, c. 301, §8 (NEW).] 1. Act. “Act” means the Maine Uniform Directed Trust Act. [PL 2019, c. 301, §8 (NEW).] 2. Breach of trust. “Breach of trust” includes a violation by a […]
18-B §2103. Application; principal place of administration
§2103. Application; principal place of administration 1. Application. This Act applies to a trust, whenever created, that has its principal place of administration in this State, subject to the following rules: A. If the trust was created before January 1, 2020, this Act applies only to a decision or action occurring on or after […]
18-B §2104. Common law and principles of equity
§2104. Common law and principles of equity The common law and principles of equity supplement this Act, except to the extent modified by this Act or law of this State other than this Act. [PL 2019, c. 301, §8 (NEW).] SECTION HISTORY PL 2019, c. 301, §8 (NEW).
18-B §2105. Exclusions
§2105. Exclusions 1. Power of appointment. 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. [PL 2019, c. 301, §8 (NEW).] 2. Exclusions. This Act does not apply […]
18-B §2106. Powers of trust director
§2106. Powers of trust director 1. Power of direction. Subject to section 2107, the terms of a trust may grant a power of direction to a trust director. [PL 2019, c. 301, §8 (NEW).] 2. Powers of trust director. Unless the terms of a trust provide otherwise: A. A trust director may exercise […]
18-B §2107. Limitations on trust director
§2107. Limitations on trust director A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under section 2106, subsection 2, paragraph A regarding: [PL 2019, c. 301, §8 (NEW).] 1. Medicaid […]