Instead of furnishing a copy of the trust instrument to any person to evidence the existence and validity of the trust, the trustee may furnish to the person a certification of trust, signed by the trustee or trustees having signature authority as identified in paragraph (6) of this subsection, attested by a notary public, and shall contain the following:
The certification of trust shall not be required to contain the dispositive provisions of a trust that set forth the distribution of the trust estate.
The trustee offering the certification of trust may provide copies of all or any part of the trust document and amendments, if any. Nothing in this section is intended to require or imply an obligation to provide dispositive provisions of the trust or a copy of the entire trust documents and amendments.
A person who acts in reliance upon a certification of trust without knowledge that the representations contained therein are incorrect is not liable to any person for so acting. A person who does not have actual knowledge that the facts contained in the certification of trust are incorrect may assume without inquiry the existence of the facts contained in the certification. Actual knowledge shall not be inferred solely from the fact that a copy of all or part of the trust instrument is held by the person relying on the trust certification. Nothing contained in this section shall limit the rights of the beneficiaries of the trust against the trustee. Any person relying on the certification of trust shall be indemnified from the assets of the trust to the extent of the share of the trust attributable to the beneficiary or beneficiaries bringing any action against the person for any costs, damage, attorney fees, or other expenses incurred in defending any action against the person arising for the transaction to which a certification of trust related.
A person's failure to request a certification of trust does not affect the protections provided that person in this section. No inference that the person has not acted in good faith or that the person was negligent may be drawn from the failure of the person to request a certification of trust. Nothing in this section is intended to create an implication that a person is liable for acting in reliance on a certification of trust under circumstances where the requirements of this section are not satisfied.
Nothing in this section shall be construed to require a third party, when presented with a trust certificate, to enter into a contract with a trustee relating to trust assets or obligations, or to preclude a third party from demanding as a precondition to any contract that the trustee provide additional information in order to clarify any ambiguities or inconsistencies in the trust certificate.
This section does not limit the right of a person to obtain a copy of the trust instrument in a judicial proceeding concerning the trust.
Structure Mississippi Code
Chapter 8 - Mississippi Uniform Trust Code
Article 10 - Liability of Trustees and Rights of Persons Dealing with Trustee
§ 91-8-1001. Remedies for breach of trust
§ 91-8-1002. Damages for breach of trust
§ 91-8-1003. Damages in absence of breach
§ 91-8-1004. Attorney's fees and costs
§ 91-8-1006. Reliance on trust instrument
§ 91-8-1007. Event affecting administration or distribution
§ 91-8-1008. Exculpation of trustee
§ 91-8-1009. Beneficiary's consent, release, or ratification
§ 91-8-1010. Limitation on personal liability of trustee
§ 91-8-1011. Interest as general partner
§ 91-8-1012. Protection of person dealing with trustee
§ 91-8-1013. Certification of trust
§ 91-8-1014. Enforcement of no-contest, in terrorem or forfeiture provisions