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Code · Connecticut · Title 45a — Probate Courts and Procedure · CHAPTER 802c* — Trusts

Sec. 45a-499yyy. Protection of person dealing with trustee.

178 words·~1 min read·/ct/title-45a/chapter-802c-trusts/45a-499yyy·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee's powers, is protected from liability as if the trustee properly exercised the power.
(b)A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee's powers or the propriety of their exercise.
(c)A person who in good faith delivers assets to a trustee need not ensure the proper application of such assets.
(d)A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated, is protected from liability as if the former trustee were still a trustee.
(e)Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.
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