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Me. Rev. Stat. tit. 18-B, § 2111

No duty to monitor, inform or advise

PL 2019, c. 301, §8 (NEW).

1. Trustee. Unless the terms of a trust provide otherwise:

A. A trustee does not have a duty to:

(1) Monitor a trust director; or

(2) Inform or give advice to a settlor, beneficiary, trustee or trust director concerning an instance in which the trustee might have acted differently than the director; and

B. By taking an action described in paragraph A, a trustee does not assume the duty excluded by paragraph A.

2. Trust director. Unless the terms of a trust provide otherwise:

A. A trust director does not have a duty to:

(1) Monitor a trustee or another trust director; or

(2) Inform or give advice to a settlor, beneficiary, trustee or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and

B. By taking an action described in paragraph A, a trust director does not assume the duty excluded by paragraph A.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.