Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

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Terms Used In West Virginia Code 44D-8A-816

  • Trust director: means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee. See West Virginia Code 44D-8A-802
  • Trustee: A person or institution holding and administering property in trust.

(1) Acceptance under § 44D-7-701 of this code;

(2) Giving of bond to secure performance under § 44D-7-702 of this code;

(3) Reasonable compensation under § 44D-7-708 of this code;

(4) Resignation under § 44D-7-705 of this code;

(5) Removal under § 44D-7-706 of this code; and

(6) Vacancy and appointment of successor under § 44D-7-704 of this code.