72-40-120. Office of trust director. 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 under 72-38-701;

(2) giving of bond to secure performance under 72-38-702;

(3) reasonable compensation under 72-38-708;

(4) resignation under 72-38-705;

(5) removal under 72-38-706; and

(6) vacancy and appointment of successor under 72-38-704.