Current through 2024, ch. 69
Section 46-14-11 - No duty to monitor, inform or adviseA. 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 Paragraph (1) of this subsection, a trustee does not assume the duty excluded by that paragraph.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 Paragraph (1) of this subsection, a trust director does not assume the duty excluded by that paragraph.Added by 2018, c. 63,s. 11, eff. 1/1/2019.