Delaware Statutes

§ 3317 — Cofiduciaries and co-nonfiduciaries; duty to keep informed

Delaware·Title 12·Part Fiduciary Relations·Ch. 33 ADMINISTRATIVE PROVISIONS

Except as otherwise provided in a governing instrument, each trust fiduciary (including trustees, advisers, protectors, and other fiduciaries), and each trust nonfiduciary, has a duty upon request to keep all of the fiduciaries and nonfiduciaries for the trust reasonably informed about the administration of the trust with respect to any specific duty or function being performed by such fiduciary or nonfiduciary to the extent that providing such information to the other fiduciaries and nonfiduciaries is reasonably necessary for the other fiduciaries and nonfiduciaries to perform their duties; provided, however, that:

(1)A fiduciary or nonfiduciary requesting and receiving any such information shall have no duty to: monitor the conduct of the fiduciary or nonfiduciary providing the informa

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Legislative History

77 Del. Laws, c. 330, § 6 ; 81 Del. Laws, c. 320, § 4

Nearby Sections

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