§ 1313.
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/vt/1313A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1313. Limitation of action against trust director
(a)An action against a trust director for breach of trust must be commenced within the same limitation period applicable to an action for breach of trust against a trustee in a like position and under similar circumstances.
(b)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 in an action for breach of trust against a trustee in a like position and under similar circumstances. (Added 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)