§ 1311.
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/vt/1311A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1311. No duty to monitor, inform, or advise
(a)Unless the terms of a trust provide otherwise:
(1)a trustee does not have a duty to:
(A)monitor a trust director; or
(B)inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the director; and
(2)by taking an action described in subdivision
(1)of this subsection, a trustee does not assume the duty excluded by subdivision
(1)of this subsection.
(b)Unless the terms of a trust provide otherwise:
(1)a trust director does not have a duty to:
(A)monitor a trustee or another trust director; or
(B)inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and
(2)by taking an action described in subdivision
(1)of this subsection, a trust director does not assume the duty excluded by subdivision
(1)of this subsection. (Added 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)