72-40-117. Limitation of action against trust director. (1) An action against a trust director for breach of trust must be commenced within the same limitation period as under 72-38-1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.
(2) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under 72-38-1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.
History: En. Sec. 13, Ch. 325, L. 2021.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 40. Uniform Directed Trust Act
72-40-103. Application -- principal place of administration
72-40-104. Common law and principles of equity
72-40-106. through 72-40-109 reserved
72-40-110. Powers of trust director
72-40-111. Limitations on trust director
72-40-112. Duty and liability of trust director
72-40-113. Duty and liability of directed trustee
72-40-114. Duty to provide information to trust director or trustee
72-40-115. No duty to monitor, inform, or advise
72-40-116. Application to cotrustee
72-40-117. Limitation of action against trust director
72-40-118. Defenses in action against trust director
72-40-119. Jurisdiction over trust director
72-40-120. Office of trust director
72-40-121. Uniformity of application and construction
72-40-122. Relation to electronic signatures in global and national commerce act