§1206. Reasonable reliance
A trustee or other person that reasonably relies on the validity of a distribution of part or all of the property of a trust to another trust, or a modification of a trust, under this Act, a law of this State other than this Act or the law of another jurisdiction is not liable to any person for any action or failure to act as a result of the reliance. [PL 2021, c. 235, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 235, §1 (NEW).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 12: MAINE UNIFORM TRUST DECANTING ACT
18-B §1205. Application; governing law
18-B §1206. Reasonable reliance
18-B §1207. Notice; exercise of decanting power
18-B §1210. Decanting power under expanded distributive discretion
18-B §1211. Decanting power under limited distributive discretion
18-B §1212. Trust for beneficiary with disability
18-B §1213. Protection of charitable interest
18-B §1214. Trust limitation on decanting
18-B §1215. Change in compensation
18-B §1216. Relief from liability and indemnification
18-B §1217. Removal or replacement of authorized fiduciary
18-B §1218. Tax-related limitations
18-B §1219. Duration of 2nd trust
18-B §1220. Need to distribute not required
18-B §1222. Trust for care of animal
18-B §1223. Terms of 2nd trust
18-B §1225. Later-discovered property
18-B §1227. Uniformity of application and construction
18-B §1228. Relation to Electronic Signatures in Global and National Commerce Act