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Code · North Carolina · Chapter 36C — North Carolina Uniform Trust Code

§ 36C-10-1008. Exculpation of trustee.

58 words·~1 min read·/nc/chapter-36c/36c-10-1008

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§ 36C-10-1008. Exculpation of trustee.
A term of a trust relieving a trustee of liability for breach of trust is unenforceable to the extent that it relieves the trustee of liability for breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries. (2005-192, s. 2.)
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