Ind. Code § 30-4-9-12

Current through P.L. 171-2024
Section 30-4-9-12 - Relief of cotrustee from duties and liabilities

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 9 through 11 of this chapter.

IC 30-4-9-12

Added by P.L. 221-2019,SEC. 10, eff. 7/1/2019.