11.98B.030 – Applicability—Exclusions—Power of appointment.
RCW 11.98B.030 Applicability—Exclusions—Power of appointment. (1) In this section, “power of appointment” means a power that enables a person acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over trust property. (2) This chapter does not apply to a: (a) Power of appointment; (b) Power […]
11.98B.040 – Common law and principles of equity supplement.
RCW 11.98B.040 Common law and principles of equity supplement. The common law and principles of equity supplement this chapter, except to the extent modified by this chapter or law of this state other than this chapter. [ 2020 c 303 § 4.]
11.98B.050 – Trust director—Power of direction.
RCW 11.98B.050 Trust director—Power of direction. (1) Subject to RCW 11.98B.060, the terms of a trust may grant a power of direction to a trust director. (2) Unless the terms of a trust provide otherwise: (a) A trust director may exercise any further power appropriate to the exercise or nonexercise of a power of direction […]
11.98B.060 – Trust director—Power of direction—Limitations.
RCW 11.98B.060 Trust director—Power of direction—Limitations. A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under RCW 11.98B.050(2)(a) regarding: (1) A payback provision in the terms of a trust necessary to […]
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 […]
11.98B.005 – Short title.
RCW 11.98B.005 Short title. This chapter may be known and cited as the uniform directed trust act. [ 2020 c 303 § 1.]
11.98B.010 – Definitions.
RCW 11.98B.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Breach of trust” includes a violation by a trust director or trustee of a duty imposed on that director or trustee by the terms of the trust, this chapter, or law of this state other than […]