District of Columbia § 19-2110 Duty to provide information to trust director or trustee.

District of Columbia Statutes

§ 19-2110 — Duty to provide information to trust director or trustee.

District of Columbia·Title 19 Descent, Distribution, and Trusts. [Enacted title]·Ch. 21 Uniform Directed Trust Code.

(a)Subject to § 19-2111 , 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 § 19-2111 , 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, unless by so acting the trustee engages in willful misconduct.

(d)A trust director that acts in reliance on i

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(a) Subject to § 19-2111 , 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 § 19-2111 , 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, unless by so acting the trustee engages in willful misconduct.

(d) 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.

District of Columbia § 19-2110 (Duty to provide information to trust director or trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.