72-40-117. Limitation of action against trust director.
99 words·~1 min read·
/mt/title-72/chapter-40/part-1/72-40-117·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-40-117 . Limitation of action against trust director.
(1)An action against a trust director for breach of trust must be commenced within the same limitation period as under 72-38-1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.
(2)A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under 72-38-1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.