Section 30-4309 - (UDTA 9) Duty and liability of directed trustee(UDTA 9)
(a) Subject to subsections (b) and (c) of this section, a directed trustee shall take reasonable action to comply with a trust director's exercise or nonexercise of a power of direction or further power under subdivision (b)(1) of section 30-4306, and the trustee is not liable for the action.(b) A directed trustee must not comply with a trust director's exercise or nonexercise of a power of direction or further power under subdivision (b)(1) of section 30-4306 to the extent that by complying the trustee would engage in willful misconduct.(c) A directed trustee must determine that the trust director's exercise of power of direction under subsection (a) of section 30-4306 or appropriation of further power under subsection (b) of section 30-4306 is granted by the terms of the trust pursuant to subsection (c) of section 30-4306.(d) An exercise of a power of direction under which a trust director may release a trustee or another trust director from liability for breach of trust is not effective if: (1) the breach involved the trustee's or other director's willful misconduct;(2) the release was induced by improper conduct of the trustee or other director in procuring the release; or(3) at the time of the release, the director did not know the material facts relating to the breach.(e) A directed trustee that has reasonable doubt about its duty under this section may petition the court for instructions.(f) The terms of a trust may impose a duty or liability on a directed trustee in addition to the duties and liabilities under this section.Neb. Rev. Stat. §§ 30-4309
Added by Laws 2019, LB 536,§ 9, eff. 9/1/2019.