Arkansas Statutes

§ 28-76-110 — Duty to provide information to trust director or trustee

Arkansas·Title 28
(a)Subject to § 28-76-111 , a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
(1)the powers or duties of the trustee; and (2) the powers or duties of the director.
(b)Subject to § 28-76-111 , a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
(1)the powers or duties of the director; and (2) the powers or duties of the trustee or other director.
(c)A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance.
(d)A trust director that acts in reliance on information provided by a trustee or another trust director is not liable f

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Legislative History

Added by Act 2019, No. 1021,§ 5, eff. 1/1/2020.

Nearby Sections

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