Vt. Stat. Ann. tit. 14A, § 811
Enforcement and defense of claims
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust.
A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust.
Added 2009, No. 20, § 1.
OFFICIAL COMMENT
Official Comment
This section codifies the substance of Sections 177 and 178 of the Restatement (Second) of Trusts (1959). It may not be reasonable to enforce a claim depending upon the likelihood of recovery and the cost of suit and enforcement. It might also be reasonable to settle an action or suffer a default rather than to defend an action. See also Section 816(14) (power to pay, contest, settle, or release claims).
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.