11.98B.120 – Trust director—Action against—Limitation.
RCW 11.98B.120 Trust director—Action against—Limitation. (1) An action against a trust director for breach of trust must be commenced within the same limitation period under RCW 11.96A.070 as for an action for breach of trust against a trustee in a like position and under similar circumstances. (2) A report or accounting has the same effect […]
11.98B.130 – Trust director—Action against—Defenses.
RCW 11.98B.130 Trust director—Action against—Defenses. In an action against a trust director for breach of trust, the director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee. [ 2020 c 303 § 14.]
11.98B.140 – Trust director—Personal jurisdiction.
RCW 11.98B.140 Trust director—Personal jurisdiction. (1) By accepting appointment as a trust director of a trust subject to this chapter, the director submits to personal jurisdiction of the courts of this state regarding any matter related to a power or duty of the director. (2) This section does not preclude other methods of obtaining jurisdiction […]
11.98B.150 – Trust director—Rules applicable to trustees apply.
RCW 11.98B.150 Trust director—Rules applicable to trustees apply. Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: (1) Acceptance; (2) Giving of bond to secure performance; (3) Reasonable compensation; (4) Resignation; (5) Removal; and (6) Vacancy and appointment of successor. [ […]
11.98B.900 – Uniformity of application and construction.
RCW 11.98B.900 Uniformity of application and construction. In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. [ 2020 c 303 § 17.]
11.98B.901 – Relation to electronic signatures in global and national commerce act.
RCW 11.98B.901 Relation to electronic signatures in global and national commerce act. This chapter modifies, limits, or supersedes the electronic signatures in global and national commerce act, 15 U.S.C. Sec. 7001 et seq., but does not modify, limit, or supersede section 101(c) of that act (15 U.S.C. Sec. 7001(c)) or authorize electronic delivery of any […]
11.98B.902 – Effective date—2020 c 303.
RCW 11.98B.902 Effective date—2020 c 303. This act takes effect January 1, 2021. [ 2020 c 303 § 20.]
11.98B.070 – Trust director—Duties and liability.
RCW 11.98B.070 Trust director—Duties and liability. (1) Subject to subsection (2) of this section, with respect to a power of direction or further power under RCW 11.98B.050(2)(a): (a) A trust director has the same fiduciary duty and liability in the exercise or nonexercise of the power: (i) If the power is held individually, as a […]
11.98B.080 – Directed trustee—Duties and liability.
RCW 11.98B.080 Directed trustee—Duties and liability. (1) Subject to subsection (2) 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 RCW 11.98B.050(2)(a), and the trustee is not liable for the action. (2) A directed trustee must […]
11.98B.090 – Duty to provide information to trust director or trustee.
RCW 11.98B.090 Duty to provide information to trust director or trustee. (1) Subject to RCW 11.98B.100, a trustee shall provide information to a trust director to the extent the information is reasonably related both to: (a) The powers or duties of the trustee; and (b) The powers or duties of the director. (2) Subject to […]