Vermont § 4015 Exoneration of agent

Vermont Statutes

§ 4015 — Exoneration of agent

Vermont § 4015

Title 14Title 14: Decedents' Estates and Fiduciary Relations

Ch. 127Chapter 127: Vermont Uniform Power of Attorney Act

This text of Vermont § 4015 (Exoneration of agent) 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. 14, § 4015 (2026).

Text

A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal’s successors in interest except to the extent the provision:

(1)relieves the agent of liability for breach of duty committed:

(A)dishonestly;

(B)in bad faith;

(C)with reckless indifference to the purposes of the power of attorney;

(D)through willful misconduct;

(E)through gross negligence; or

(F)with actual fraud; or

(2)was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.

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A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal’s successors in interest except to the extent the provision:
(1) relieves the agent of liability for breach of duty committed:
(A) dishonestly;
(B) in bad faith;
(C) with reckless indifference to the purposes of the power of attorney;
(D) through willful misconduct;
(E) through gross negligence; or
(F) with actual fraud; or
(2) was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.