Sec. 12. 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 9 through 11 of this chapter.
Ind. Code § 30-4-9-12
Relief of cotrustee from duties and liabilities
Known as the Uniform Directed Trust Act
The act spans §§ 30-4-9-1 to 30-4-9-9 (17 sections).
As added by P.L.221-2019, SEC.10.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.