A trustee who acts in reasonable reliance on the terms of the trust as expressed in a trust instrument is not liable for a breach of trust to the extent that the breach resulted from the reliance.
N.C. Gen. Stat. § 36C-10-1006
Reliance on trust instrument
Applied in 1 court decision — leading case 248 N.C. App. 29 - In Re Estate of Skinner (2016)
Most recently applied in 248 N.C. App. 29 - In Re Estate of Skinner (June 2016)
2005-192, s. 2.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.