1. (1) An action against a trust director for a breach of trust must be commenced within the same limitation period as described in Section 75B-2-1005 for an action for a breach of trust against a trustee in a like position and under similar circumstances.
2. (2) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have as described in Section 75B-2-1005 in an action for a breach of trust against a trustee in a like position and under similar circumstances.

Renumbered and Amended by Chapter 310, 2025 General Session