Vermont § 1105 Fiduciary’s liability for action or inaction of trustee, trust advisor, and trust protector

Vermont Statutes

§ 1105 — Fiduciary’s liability for action or inaction of trustee, trust advisor, and trust protector

Vermont § 1105

Title 14ATitle 14A: Trusts

Ch. 11Chapter 011: Trusts Protectors and Trust Advisors

This text of Vermont § 1105 (Fiduciary’s liability for action or inaction of trustee, trust advisor, and trust protector) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 14A, § 1105 (2026).

Text

An excluded fiduciary is not liable for:

(1)any loss resulting from any action or inaction of a trustee, trust advisor, or trust protector; or

(2)any loss that results from the failure of a trustee, trust advisor, or trust protector to take any action proposed by the excluded fiduciary where such action requires the authorization of the trustee, trust advisor, or trust protector, provided that an excluded fiduciary who had a duty to propose such action timely sought but failed to obtain the authorization.

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An excluded fiduciary is not liable for:
(1) any loss resulting from any action or inaction of a trustee, trust advisor, or trust protector; or
(2) any loss that results from the failure of a trustee, trust advisor, or trust protector to take any action proposed by the excluded fiduciary where such action requires the authorization of the trustee, trust advisor, or trust protector, provided that an excluded fiduciary who had a duty to propose such action timely sought but failed to obtain the authorization.