Indiana Statutes
§ 30-2-15-26 — Immunity of trustee
(a)A trustee who in good faith acts or fails
to act under section 9 of this chapter is not liable to any person affected
by the action or inaction, regardless of whether the person:
(1)received written notice as provided in section 10 of this
chapter; and
(2)was under legal disability at the time of the delivery of the
notice.
(b)The exclusive remedy of a person affected by the action or
inaction of a trustee is to obtain an order of the court having
jurisdiction of the trust that directs the trustee to take an action
described in section 9 of this chapter.
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Legislative History
As added by P.L.3-2003, SEC.2.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions