Section 116 – Office of trust director.

Effective 5/14/2019
75-12-116. 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:

• (1) acceptance under Section 75-7-701;

• (2) giving of bond to secure performance under Section 75-7-702;

• (3) reasonable compensation under Section 75-7-708;

• (4) resignation under Section 75-7-705;

• (5) removal under Section 75-7-706; and

• (6) vacancy and appointment of successor under Section 75-7-704.

Enacted by Chapter 153, 2019 General Session