Vermont § 1009 Beneficiary’s consent, release, or ratification

Vermont Statutes

§ 1009 — Beneficiary’s consent, release, or ratification

Vermont·Title 14A Title 14A: Trusts·Ch. 10 Chapter 010: Liability of Trustees and Rights of Persons Dealing with Trustee

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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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.

Vermont § 1009 (Beneficiary’s consent, release, or ratification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.