West Virginia § 44D-8A-810 Duty to provide information to trust director or trustee

West Virginia Statutes

§ 44D-8A-810 — Duty to provide information to trust director or trustee

West Virginia·Ch. 44D UNIFORM TRUST CODE·Art. 8A WEST VIRGINIA UNIFORM DIRECTED TRUST ACT

(a)Subject to §44D-8A-811 of this code, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

(1)The powers or duties of the trustee; and

(2)The powers or duties of the director.

(b)Subject to §44A-8A-811 of this code, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

(1)The powers or duties of the director; and

(2)The powers or duties of the trustee or other director.

(c)A trustee that acts in reliance upon information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misconduct.

(d)A trust director that

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(a) Subject to §44D-8A-811 of this code, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

(1) The powers or duties of the trustee; and

(2) The powers or duties of the director.

(b) Subject to §44A-8A-811 of this code, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

(1) The powers or duties of the director; and

(2) The powers or duties of the trustee or other director.

(c) A trustee that acts in reliance upon information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misconduct.

(d) A trust director that acts in reliance upon information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in willful misconduct.

West Virginia § 44D-8A-810 (Duty to provide information to trust director or trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.