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Code · Washington · Title 11 — Probate and Trust Law · Chapter 11.98

RCW 11.98.105

197 words·~1 min read·/wa/title-11/chapter-11-98/11-98-105·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee's powers is protected from liability as if the trustee properly exercised the power.
(2)A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee's powers or the propriety of their exercise.
(3)A person who in good faith delivers assets to a trustee need not ensure their proper application.
(4)A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.
(5)Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.
[ 2011 c 327 s 28 .]
Notes:
Application — Effective date — 2011 c 327: See notes following RCW 11.103.020 .
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