Section 2111 - No duty to monitor, inform or advise1.Trustee. Unless the terms of a trust provide otherwise: A. A trustee does not have a duty to: (1) Monitor a trust director; or(2) 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 director; and [2019, c. 301, §8 (NEW).]B. By taking an action described in paragraph A, a trustee does not assume the duty excluded by paragraph A. [2019, c. 301, §8 (NEW).] [2019, c. 301, §8 (NEW).]
2.Trust director. Unless the terms of a trust provide otherwise:A. A trust director does not have a duty to:(1) Monitor a trustee or another trust director; or(2) Inform or give advice to a settlor, beneficiary, trustee or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and [2019, c. 301, §8 (NEW).]B. By taking an action described in paragraph A, a trust director does not assume the duty excluded by paragraph A. [2019, c. 301, §8 (NEW).] [2019, c. 301, §8 (NEW).]
Added by 2019, c. 301,§ 8, eff. 9/19/2019.