Public-domain · open source
OpenJurist

Wis. Stat. § 701.1010

Limitation on personal liability of trustee

Known as the Wisconsin Trust Code

The act spans §§ 701.0101 to 701.1205 (108 sections).

2013 a. 92.

(1) Except as otherwise provided in the contract, a trustee is not personally liable on a contract properly entered into in the trustee’s fiduciary capacity in the course of administering the trust if the trustee in the contract disclosed the fiduciary capacity.

(2) A trustee is personally liable for torts committed in the course of administering a trust, or for obligations arising from ownership or control of trust property, including liability for violation of environmental law, only if the trustee is personally at fault.

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