North Dakota Statutes

§ 59-16-07 — (807) Delegation by trustee

North Dakota·Title 59 Trusts, Uses, and Powers·Ch. 59-16 Duties and Powers of 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)
10 case citations

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