Indiana § 30-4-9-11 Duties of trust director and trustee under the terms of the trust

Indiana Statutes

§ 30-4-9-11 — Duties of trust director and trustee under the terms of the trust

Indiana·Art. 4 TRUST CODE·Ch. 9 Uniform Directed Trust Act

(a)Unless the terms of a trust provide otherwise:

(1)a trustee does not have a duty to:

(A)monitor a trust director; or

(B)inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the director; and

(2)by taking an action described in subdivision (1), a trustee does not assume the duty excluded by subdivision (1).

(b)Unless the terms of a trust provide otherwise:

(1)a trust director does not have a duty to:

(A)monitor a trustee or another trust director; or

(B)inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and

(2)by taking an action de

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(a) Unless the terms of a trust provide
otherwise:
(1) a trustee does not have a duty to:
(A) monitor a trust director; or
(B) inform or give advice to a settlor, beneficiary, trustee, or
trust director concerning an instance in which the trustee might
have acted differently than the director; and
(2) by taking an action described in subdivision (1), a trustee does
not assume the duty excluded by subdivision (1).
(b) Unless the terms of a trust provide otherwise:
(1) a trust director does not have a duty to:
(A) monitor a trustee or another trust director; or
(B) inform or give advice to a settlor, beneficiary, trustee, or
another trust director concerning an instance in which the
director might have acted differently than a trustee or another
trust director; and
(2) by taking an action described in subdivision (1), a trust
director does not assume the duty excluded by subdivision (1).

Indiana § 30-4-9-11 (Duties of trust director and trustee under the terms of the trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.