Section 7780.27 - Office of trust director - udta 16Unless the terms of the trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
(1) Acceptance or declining under section 7761 (relating to accepting or declining trusteeship - UTC 701), except that if a trustee requests in writing that a person designated as a trust director accept that role in writing and the person does not do so in writing within 60 days after receipt of the trustee's request, the person shall be deemed to have rejected the appointment to serve as a trust director.(2) Giving of bond to secure performance under section 7762 (relating to trustee's bond - UTC 702).(3) Reasonable compensation under section 7768 (relating to compensation of trustee - UTC 708).(4) Resignation under section 7765 (relating to resignation of trustee; filing resignation), or upon at least 30 days' advance notice in writing to the qualified beneficiaries of the trust, the settlor if sui juris and all trustees.(5) Removal under section 7766 (relating to removal of trustee - UTC 706).(6) Vacancy and appointment of a successor under section 7764 (relating to vacancy in trusteeship; appointment of successor - UTC 704), except that if a trust director does not accept an appointment or there is a vacancy in the position, the powers and duties of the trustee or another trust director shall be determined as if the office of the nonaccepting trust director had not been created.Added by P.L. (number not assigned at time of publication) 2024 No. 64,§ 7, eff. 10/14/2024.