Nebraska § 30-4310 (UDTA 10) Duty to provide information to trust director or trustee

Nebraska Statutes

§ 30-4310 — (UDTA 10) Duty to provide information to trust director or trustee

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

(UDTA 10) (a) Subject to section 30-4311 , a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

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

(2)the powers or duties of the director.

(b)Subject to section 30-4311 , a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

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

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

(c)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.

(d)A trust director that acts in reli

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(UDTA 10) (a) Subject to section 30-4311 , a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
(1) the powers or duties of the trustee; and
(2) the powers or duties of the director.
(b) Subject to section 30-4311 , a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
(1) the powers or duties of the director; and
(2) the powers or duties of the trustee or other director.
(c) 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.
(d) 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.

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