Okla. Stat. tit. 60 § 1210

Current through Laws 2024, c. 453.

Section 1210

A. Subject to Section 12 of this act, 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 Section 12 of this act, 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 on 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 on 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.

Okla. Stat. tit. 60, § 1210

Added by Laws 2024 , c. 369, s. 11, eff. 11/1/2024.