Added by Stats. 2023, Ch. 721, Sec. 3. (SB 801) Effective January 1, 2024.
(a)(1) Unless the terms of a trust provide otherwise, a trustee does not have a duty to do either of the following:
(A) Monitor a trust director.
(B) Inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the trust director.
(2)By taking an action described in paragraph (1), a trustee does not assume the duty excluded by paragraph (1).
(b)(1) Unless
the terms of a trust provide otherwise, a trust director does not have a duty to do either of the following:
(A) Monitor a trustee or another trust director.
(B) Inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the trust director might have acted differently than a trustee or another trust director.
(2)By taking an action described in paragraph (1), a trust director does not assume the duty excluded by paragraph (1).
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