§2110. Duty to provide information to trust director or trustee
1.
Trustee's duty to provide information.
Subject to section 2111, a trustee shall provide information to a trust director to the extent the information is reasonably related to both:
A.
The powers or duties of the trustee; and
[PL 2019, c. 301, §8 (NEW).]
B.
The powers or duties of the director.
[PL 2019, c. 301, §8 (NEW).]
[PL 2019, c. 301, §8 (NEW).]
2.
Trust director's duty to provide information.
Subject to section 2111, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related to both:
A.
The powers or duties of the director; and
[PL 2019, c. 301, §8 (NEW).]
B.
The powers or duties of the trustee or other director.
[PL 2019, c. 301, §8 (NEW).]
[PL 2019, c. 301, §8 (NEW).]
3.
Trustee acts in reliance.
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.
[PL 2019, c. 301, §8 (NEW).]
4.
Trust director acts in reliance.
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.
[PL 2019, c. 301, §8 (NEW).]
SECTION HISTORY
PL 2019, c. 301, §8 (NEW).