W. Va. Code § 44D-8A-810

Current through 2024 Second Special Session
Section 44D-8A-810 - Duty to provide information to trust director or trustee
(a) Subject to §44D-8A-811 of this code, 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 §44A-8A-811 of this code, 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 upon 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 upon 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.

W. Va. Code § 44D-8A-810

Added by 2020 Acts, ch. 137 (SB 213), eff. 7/1/2020.