Utah § 75B-3-110 Duty to provide information to trust director or trustee.

Utah Statutes

§ 75B-3-110 — Duty to provide information to trust director or trustee.

Utah·Title 75B Trusts·Ch. 75B-3 Uniform Directed Trust Act

(1)Subject to Section 75B-3-111, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

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

(1)(b) the powers or duties of the director.

(2)Subject to Section 75B-3-111, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

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

(2)(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 acting, the trustee engages in willful misconduct.

(4)A trust director that acts in rel

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(1) Subject to Section 75B-3-111, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
(1)(a) the powers or duties of the trustee; and
(1)(b) the powers or duties of the director.
(2) Subject to Section 75B-3-111, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
(2)(a) the powers or duties of the director; and
(2)(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 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 acting, the trust director engages in willful misconduct.

Utah § 75B-3-110 (Duty to provide information to trust director or trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.