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RSA 564-B:12-1207 · Office of the Trust Advisor or Trust Protector

564-B:12-1207 Office of the Trust Advisor or Trust Protector. –

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(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:

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(1)

Accepting or declining his, her, or its appointment;

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(2)

Vacancy and appointment of a successor;

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(3)

Resignation;

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(4)

Removal; and

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(5)

Compensation.

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(b)

A trust advisor or trust protector shall not have an obligation to give bond to secure performance of his, her, or its duties.

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(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.

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Source note

Source. 2017, 257:31, eff. July 18, 2017.

Source history

  • 2017, 257:31, eff. July 18, 2017

Related materials

Bill relationships

  • 2025 HB88 amend

    housand Twenty Five AN ACT establishing community property trusts. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Article; Article 13 Community Property Trusts. Amend RSA 564-B by inserting after article 12 the following new article: Article 13 Community Property Trusts 564-B:13-1301 Short Title. This article shall be known as the "New Hampshire Community Property Trust Act of 2026."