Effective 5/14/2019
75-12-112. Application to cotrustee.
The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee’s exercise or nonexercise of a power of the other cotrustee to the same extent that, in a directed trust, a directed trustee is relieved from duty and liability with respect to a trust director’s power of direction under Sections 75-12-109 through 75-12-111.
75-12-112. Application to cotrustee.
The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee’s exercise or nonexercise of a power of the other cotrustee to the same extent that, in a directed trust, a directed trustee is relieved from duty and liability with respect to a trust director’s power of direction under Sections 75-12-109 through 75-12-111.
Enacted by Chapter 153, 2019 General Session