Connecticut General Statutes/Title 45a/Chapter 802c/Section 45a-500j

CGS § 45a-500j. Duty to provide information to trust director or trustee.

(a) Subject to the provisions of section 45a-500k, a trustee shall provide information to a trust director to the extent the information is reasonably related to: (1) The powers or duties of the trustee; and (2) the powers or duties of the director.

(b) Subject to the provisions of section 45a-500k, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related to: (1) The powers or duties of the director; and (2) the powers or duties of the trustee or other director.

(c) A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in wilful misconduct.

(d) A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in wilful misconduct.

Short History

(P.A. 19-137, S. 89.)

Long History

History: P.A. 19-137 effective January 1, 2020.

PreviousCGS § 45a-500i. Duty and liability of directed trustee.NextCGS § 45a-500k. No duty to monitor, inform or advise.