Neb. Rev. Stat. § 30-3898

Current with changes from the 2024 legislative session enacted on or before 4/18/2024

Section 30-3898 - (UTC 1009) Beneficiary's consent, release, or ratification

(UTC 1009) A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless:

(1) the consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or

(2) at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.

Neb. Rev. Stat. § 30-3898

Laws 2003, LB 130, § 98.