(a) Subject to subsection (b) of this section, with respect to a power of direction or further power under 44D-8A-806(b)(1) of this code:
(1) A trust director has the same fiduciary duty and liability in the exercise or nonexercise of the power:
(A) If the power is held individually, as a sole trustee in a like position and under similar circumstances; or
(B) If the power is held jointly with a trustee or another trust director, as a cotrustee in a like position and under similar circumstances; and
(2) The terms of the trust may vary the directors duty or liability to the same extent the terms of the trust could vary the duty or liability of a trustee in a like position and under similar circumstances.
(b) Unless the terms of a trust provide otherwise, if a trust director is licensed, certified, or otherwise authorized or permitted by law other than in 44D-8A-801 et seq. of this code to provide health care in the ordinary course of the directors business or practice of a profession, to the extent the director acts in that capacity, the director has no duty or liability under this article.
(c) The terms of a trust may impose a duty or liability on a trust director in addition to the duties and liabilities under this section.
Structure West Virginia Code
Chapter 44D. Uniform Trust Code
Article 8A. West Virginia Uniform Directed Trust Act
§44D-8A-803. Application; Principal Place of Administration
§44D-8A-804. Common Law and Principles of Equity
§44D-8A-806. Powers of Trust Director
§44D-8A-807. Limitations on Trust Director
§44D-8A-808. Duty and Liability of Trust Director
§44D-8A-809. Duty and Liability of Directed Trustee
§44D-8A-810. Duty to Provide Information to Trust Director or Trustee
§44D-8A-811. No Duty to Monitor, Inform, or Advise
§44D-8A-812. Application to Cotrustee
§44D-8A-813. Limitation of Action Against Trust Director
§44D-8A-814. Defenses in Action Against Trust Director
§44D-8A-815. Jurisdiction Over Trust Director