(1) An action against a trust director for breach of trust must be commenced within the same limitation period for an action for breach of trust against a trustee in a like position and under similar circumstances under s. 736.1008, relating to limitations on proceedings against trustees.
(2) A trust accounting or any other written report of a trustee or a trust director has the same effect on the limitation period for an action against a trust director for breach of trust that such trust accounting or written report would have under s. 736.1008, relating to limitations on proceedings against trustees, in an action for breach of trust against a trustee in a like position and under similar circumstances.
History.—s. 24, ch. 2021-183.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 736 - Florida Trust Code
Part XIV - Florida Uniform Directed Trust Act (Ss. 736.1401-736.1416)
736.1403 - Application; principal place of administration.
736.1406 - Power of trust director.
736.1407 - Limitations on trust director.
736.1408 - Duty and liability of trust director.
736.1409 - Duty and liability of directed trustee.
736.141 - Duty to provide information.
736.1411 - No duty to monitor, inform, or advise.
736.1412 - Application to cotrustee.
736.1413 - Limitation of action against trust director.
736.1414 - Defenses in action against trust director.