Section 30-4310 - (UDTA 10) Duty to provide information to trust director or trustee(UDTA 10)
(a) Subject to section 30-4311, a trustee shall provide information to a trust director to the extent the information is reasonably related both to: (1) the powers or duties of the trustee; and(2) the powers or duties of the director.(b) Subject to section 30-4311, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:(1) the powers or duties of the director; and(2) the powers or duties of the trustee or other director.(c) A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misconduct.(d) A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in willful misconduct.Neb. Rev. Stat. §§ 30-4310
Added by Laws 2019, LB 536,§ 10, eff. 9/1/2019.