Sec. 13.36.150. Trustee leasing, buying, or selling to or from itself or a related person.
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Sec. 13.36.150. Trustee leasing, buying, or selling to or from itself or a related person.
A trustee, unless expressly authorized by the trust instrument, may not directly or indirectly lease, buy, or sell property for the trust from or to
(1)itself or an affiliate;
(2)a director, an officer, or an employee of the trustee or an affiliate; or
(3)a relative, an employer, or a partner or other business associate.