Montana § 72-40-114 Duty To Provide Information To Trust Director Or Trustee

Montana Statutes

§ 72-40-114 — Duty To Provide Information To Trust Director Or Trustee

Montana § 72-40-114

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 40UNIFORM DIRECTED TRUST ACT

Part 1General Provisions

This text of Montana § 72-40-114 (Duty To Provide Information To Trust Director Or Trustee) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 72-40-114 (2026).

Text

72-40-114 . Duty to provide information to trust director or trustee.

(1)Subject to 72-40-115 , a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

(a)the powers or duties of the trustee; and

(b)the powers or duties of the director.

(2)Subject to 72-40-115 , a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

(a)the powers or duties of the director; and

(b)the powers or duties of the trustee or other director.

(3)A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misc

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72-40-114 . Duty to provide information to trust director or trustee. (1) Subject to 72-40-115 , a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
(a) the powers or duties of the trustee; and
(b) the powers or duties of the director.
(2) Subject to 72-40-115 , a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
(a) the powers or duties of the director; and
(b) the powers or duties of the trustee or other director.
(3) A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misconduct.
(4) A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in willful misconduct.