Utah Statutes
§ 75B-3-111 — No duty to monitor, inform, or advise.
(1)Unless the terms of a trust provide otherwise:
(1)(a) a trustee does not have a duty to:
(1)(a)(i) monitor a trust director; or
(1)(a)(ii) inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the director; and
(1)(b) by taking an action described in Subsection (1)(a), a trustee does not assume the duty excluded under Subsection (1)(a).
(2)Unless the terms of a trust provide otherwise:
(2)(a) a trust director does not have a duty to:
(2)(a)(i) monitor a trustee or another trust director; or
(2)(a)(ii) inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the director might have acted differently than a trustee or another trus
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Legislative History
Renumbered and Amended by Chapter 310, 2025 General Session
Nearby Sections
15
§ 75B-1-101
Definitions for title.§ 75B-1-102
Transition clause.§ 75B-1-201
Definitions for part.§ 75B-1-203
Income permitted to accumulate.§ 75B-1-301
Definitions for part.§ 75B-1-302
Asset protection trust. -- Governing law.§ 75B-1-303
Requirements for asset protection trust.§ 75B-1-304
Application of asset protection trust.§ 75B-1-305
Illusory agreement.§ 75B-1-306
Affidavit of solvency.