Connecticut § 45a-499vvv Beneficiary's consent, release or ratification.

Connecticut Statutes

§ 45a-499vvv — Beneficiary's consent, release or ratification.

Connecticut·Title 45a Probate Courts and Procedure·Ch. 802c Trusts

(a)A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach or ratified the transaction constituting the breach, unless:

(1)The consent, release or ratification of the beneficiary was induced by improper conduct of the trustee; or (2) at the time of the consent, release or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.

(b)The liability of a trustee of a testamentary trust is not governed by the provisions of this section.

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(a) A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach or ratified the transaction constituting the breach, unless: (1) The consent, release or ratification of the beneficiary was induced by improper conduct of the trustee; or (2) at the time of the consent, release or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach. (b) The liability of a trustee of a testamentary trust is not governed by the provisions of this section.

Connecticut § 45a-499vvv (Beneficiary's consent, release or ratification.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.