Nebraska § 30-3898 (UTC 1009) Beneficiary's consent, release, or ratification

Nebraska Statutes

§ 30-3898 — (UTC 1009) Beneficiary's consent, release, or ratification

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

(UTC 1009) A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless:

(1)the consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or

(2)at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.

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(UTC 1009) A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless:
(1) the consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or
(2) at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.

Nebraska § 30-3898 ((UTC 1009) Beneficiary's consent, release, or ratification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.