Sec. 16. Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: (1) Acceptance ( IC 30-4-2-2 ). (2) Giving of bond to secure performance ( IC 30-4-6-8 ). (3) Reasonable compensation ( IC 30-4-5-16 ). (4) Resignation and removal ( IC 30-4-3-29 ). (5) Vacancy and appointment of successor ( IC 30-4-3-33 ).
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