Indiana Statutes
§ 30-4-9-11 — Duties of trust director and trustee under the terms of the trust
Indiana § 30-4-9-11
This text of Indiana § 30-4-9-11 (Duties of trust director and trustee under the terms of the trust) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 30-4-9-11 (2026).
Text
(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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Legislative History
As added by P.L.221-2019, SEC.10.
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
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-4-9-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-4-9-11.