A trustee who acts in reasonable reliance on the terms of the trust as expressed in the trust instrument is not liable to a beneficiary for a breach of trust to the extent the breach resulted from the reliance.
Ohio Rev. Code Ann. § 5810.06
Trustee reliance on terms of trust
Applied in 2 court decisions — leading case 551 F. App'x 1146 - American Bonding Co. v. American Contractors Indemnity Corp. (2014)
Most recently applied in 551 F. App'x 1146 - American Bonding Co. v. American Contractors Indemnity Corp. (January 2014)
Effective: January 1, 2007; Latest Legislation: House Bill 416 - 126th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.