North Dakota Statutes
§ 59-16-07 — (807) Delegation by trustee
1.A trustee may delegate duties and powers that a prudent trustee of comparable skills
could properly delegate under the circumstances. The trustee shall exercise
reasonable care, skill, and caution in selecting an agent; establishing the scope and
terms of the delegation, consistent with the purposes and terms of the trust; and
periodically reviewing the agent's actions in order to monitor the agent's performance
and compliance with the terms of the delegation.
2.In performing a delegated function, an agent owes a duty to the trust to exercise
reasonable care to comply with the terms of the delegation.
3.A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust
for an action of the agent to whom the function was delegated.
4.By accepting a delegation
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Related
Guardianship/Conservatorship of V.A.M.
2015 ND 247 (North Dakota Supreme Court, 2015)
Nearby Sections
15
§ 59-04.2-01
(102) Definitions§ 59-04.2-02
(103) Fiduciary duties - General principles§ 59-04.2-03
(104) Trustee's power to adjust§ 59-04.2-03.1
Judicial control of discretionary power§ 59-04.2-06
(301) When right to income begins and ends§ 59-04.2-07
(302) Apportionment of receipts and disbursements when decedent dies or income interest begins§ 59-04.2-08
(303) Apportionment when income interest ends§ 59-04.2-09
(401) Character of receipts§ 59-04.2-10
(402) Distribution from trust or estate§ 59-04.2-12
(404) Principal receipts§ 59-04.2-13
(405) Rental property§ 59-04.2-14
(406) Obligation to pay money