75B-3-110. Duty to provide information to trust director or trustee.
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/ut/title-75b/chapter-3/75b-3-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
75B-3-110. Duty to provide information to trust director or trustee.
(1)Subject to Section 75B-3-111 , a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
(a)the powers or duties of the trustee; and
(b)the powers or duties of the director.
(2)Subject to Section 75B-3-111 , a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
(a)the powers or duties of the director; and
(b)the powers or duties of the trustee or other director.
(3)A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless, by acting, the trustee engages in willful misconduct.
(4)A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless, by acting, the trust director engages in willful misconduct.
Renumbered and Amended by Chapter 310 , 2025 General Session