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 1309–1311 of this title.
Vt. Stat. Ann. tit. 14A, § 1312
Application to cotrustee
Known as the Uniform Directed Trust Act
The act spans §§ 14A-1301 to 14A-1318 (18 sections).
Added 2023, No. 104 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.