Vermont § 4015 Exoneration of agent

Vermont Statutes

§ 4015 — Exoneration of agent

Vermont·Title 14 Title 14: Decedents' Estates and Fiduciary Relations·Ch. 127 Chapter 127: Vermont Uniform Power of Attorney Act

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.

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