Title 75B, Title 75B: Trusts

75B-3-106. Powers of trust director. (1) Subject to Section, the terms of a trust may grant a power of direction to a trust director. 75B-3-107 (2) Unless the terms of a trust provide otherwise: a trust director may exercise any further power appropriate to the exercise or nonexe…

75B-3-107. Limitations on trust director. (1) 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 Subsectionregarding: 75B-3-106(2)(a) a payback…

75B-3-108. Duty and liability of trust director. (1) Subject to Subsection, with respect to a power of direction or further power under Subsection: (2) 75B-3-106(2)(a) a trust director has the same fiduciary duty and liability in the exercise or nonexercise of the power: if the p…

75B-3-109. Duty and liability of directed trustee. (1) Subject to Subsection, a directed trustee shall take reasonable action to comply with a trust director's exercise or nonexercise of a power of direction or further power under Subsection, and the trustee is not liable for the…

75B-3-110. Duty to provide information to trust director or trustee. (1) Subject to Section, a trustee shall provide information to a trust director to the extent the information is reasonably related both to: 75B-3-111 the powers or duties of the trustee; and the powers or dutie…

75B-3-111. No duty to monitor, inform, or advise. (1) Unless the terms of a trust provide otherwise: a trustee does not have a duty to: monitor a trust director; or inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the tru…

75B-3-112. Application to cotrustee. The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee's exercise or nonexercise of a power of the other cotrustee to the same extent that, in a directed trust, a directed trustee is relieved fro…

75B-3-113. Limitation of action against trust director. (1) An action against a trust director for a breach of trust must be commenced within the same limitation period as described in Sectionfor an action for a breach of trust against a trustee in a like position and under simil…

75B-3-114. Defenses in action against trust director. In an action against a trust director for a 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 a breach of trust against the tr…

75B-3-115. Jurisdiction over trust director. (1) 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. (2) This se…

75B-3-116. 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; 75B-2-701 (2) giving of bond to secure performance under Section; 75B-2-7…

75B-3-117. Uniformity of application and construction. In applying and construing this chapter, consideration must be given to the need to promote uniformity of the law with respect to this chapter's subject matter among states that enact this chapter.

75B-3-118. Electronic records and signatures. This chapter modifies, limits, or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Sec. 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that act, 15 U.S.C. Sec. 7001(c), or a…