Sec. 14. 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.
Ind. Code § 30-4-9-14
Causes of action; defenses
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.