Section 34-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] Relief from liability and indemnification(a) Except as provided in this section, a second-trust instrument may not relieve an authorized fiduciary from liability for breach of trust to a greater extent than the first-trust instrument.(b) A second-trust instrument may provide for indemnification of an authorized fiduciary of the first trust or another person acting in a fiduciary capacity under the first trust for any liability or claim that would have been payable from the first trust if the decanting power had not been exercised.(c) A second-trust instrument may not reduce fiduciary liability in the aggregate.(d) Subject to subsection (c) of this section, a second-trust instrument may divide and reallocate fiduciary powers among fiduciaries, including one or more trustees or trust directors, and relieve a fiduciary from liability for an act or failure to act of another fiduciary as permitted by the law of this state, other than sections 1 to 29, inclusive, of this act.Conn. Gen. Stat. § 34-NEW
Added by P.A. 24-0104,S. 17 of the Connecticut Acts of the 2024 Regular Session, eff. 1/1/2025.