A. An action against a trust director for breach of trust shall be commenced within the same limitation period provided for in Section 46A-10-1005 N.M. Stat. Ann. for an action for breach of trust against a trustee in a like position and under similar circumstances.

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B. A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under Section 46A-10-1005 N.M. Stat. Ann. in an action for breach of trust against a trustee in a like position and under similar circumstances.