Ind. Code § 30-4-9-11

Current through P.L. 171-2024
Section 30-4-9-11 - Duties of trust director and trustee under the terms of the trust
(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), a trustee does not assume the duty excluded by subdivision (1).
(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), a trust director does not assume the duty excluded by subdivision (1).

IC 30-4-9-11

Added by P.L. 221-2019,SEC. 10, eff. 7/1/2019.