Current through the 2023 Regular Session
Section 72-40-117 - Limitation of action against trust director(1) An action against a trust director for breach of trust must be commenced within the same limitation period as under 72-38-1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.(2) 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 under 72-38-1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.Added by Laws 2021, Ch. 325,Sec. 13, eff. 10/1/2021.