§ 15-16-810 — Duty to provide information to trust director or trustee

(1)
Subject to section 15-16-811, a trustee shall provide information to a trust director
to the extent the information is reasonably related both to:

(a) The powers or duties of the trustee; and

(b) The powers or duties of the director.

(2) Subject to section 15-16-811, a trust director shall provide information to a
trustee or another trust director to the extent the information is reasonably related
both to:

(a) The powers or duties of the director; and

(b) The powers or duties of the trustee or other director.

(3) 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, unless by so acting the trustee engages in willful misconduct.

(4) A trust director that acts in reliance on information provided by a trustee
or another trust director is not liable for a breach of trust to the extent the breach
resulted from the reliance, unless by so acting the trust director engages in willful
misconduct.

(5) A trustee shall provide a copy of the terms of the trust to a trust director.

Legislative History

Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 171, � 1, effective August 2.