(a) A trust advisor or trust protector is subject to the same rules to which a sole trustee would be subject under this chapter in the same circumstances with respect to the following:
- (1) Accepting or declining his, her, or its appointment;
- (2) Vacancy and appointment of a successor;
- (3) Resignation;
- (4) Removal; and
- (5) Compensation.
- (b) A trust advisor or trust protector shall not have an obligation to give bond to secure performance of his, her, or its duties.
- (c) Subject to this article 12, a trust advisor or trust protector is subject to the same rules as a sole trustee would be subject under this chapter in the same circumstances with respect to exoneration and indemnification.
Source. 2017, 257:31, eff. July 18, 2017.