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2016 Statute



Prev Article 10. - LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEENext


58a-1009.Beneficiary's consent, release, or ratification. A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless:

(1) The consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or

(2) at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.

History: L. 2002, ch. 133, § 84; Jan. 1, 2003.



Prev Article 10. - LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEENext
2017. Powered by KLISS. Rendered: 2017-12-09T19:42:22. Head Rev No: 341153