Indiana § 30-2-15-26 Immunity of trustee

Indiana Statutes

§ 30-2-15-26 — Immunity of trustee

Indiana § 30-2-15-26

Art. 2GENERAL PROVISIONS

Ch. 15Total Return Unitrusts

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Bluebook

Ind. Code § 30-2-15-26 (2026).

Text

(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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(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.