(1) Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: (a) Acceptance under section 15-5-701;(b) Giving of bond to secure performance under section 15-5-702;(c) Reasonable compensation under sections 15-5-1004, 15-10-501(3), and 15-10-601;(d) Resignation under section 15-5-705;(e) Removal under section 15-5-706;(f) Vacancy and appointment of successor under section 15-5-704; and(g) The right to petition the court for instructions under section 15-5-201(3).Added by 2019 Ch. 51,§ 1, eff. 8/2/2019.L. 2019: Entire part R & RE, (SB 19-105), ch. 173, p. 173, § 1, effective August 2.
Colorado Legal Code