564-B:12-1207 Office of the Trust Advisor or Trust Protector. –
(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:
(1) Accepting or declining his, her, or its appointment;
(2) Vacancy and appointment of a successor;
(3) Resignation;
(4) Removal; and
(5) Compensation.
(b) A trust advisor or trust protector shall not have an obligation to give bond to secure performance of his, her, or its duties.
(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.