Sec. 12. 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.
As added by P.L.221-2019, SEC.10.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 9. Uniform Directed Trust Act
30-4-9-5. Powers of Appointment
30-4-9-7. Rules Relating to Payback Provisions; Charitable Interest
30-4-9-8. Duties and Liabilities of a Trust Director
30-4-9-9. Duties and Liabilities of a Directed Trustee
30-4-9-10. Providing Information to a Trust Director; Liability; Breach of Trust
30-4-9-11. Duties of Trust Director and Trustee Under the Terms of the Trust
30-4-9-12. Relief of Cotrustee From Duties and Liabilities
30-4-9-13. Causes of Action; Statutes of Limitations
30-4-9-14. Causes of Action; Defenses