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18-B §2113. Limitation of action against trust director (WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)

18-B ME Rev Stat § 2113 (2019) (N/A)
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§2113. Limitation of action against trust director

(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)

(WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)

1.  Action for breach of trust.  An action against a trust director for breach of trust must be commenced within the same limitation period as in the Maine Uniform Trust Code, section 1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.

[PL 2019, c. 301, §8 (NEW).]

2.  Report or accounting.  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 under the Maine Uniform Trust Code, section 1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.

[PL 2019, c. 301, §8 (NEW).]

SECTION HISTORY

PL 2019, c. 301, §8 (NEW).

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18-B §2112. Application to cotrustee (WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)
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18-B §2114. Defenses in action against trust director (WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)