Duty to provide information to trust director or trustee. [Effective January 1, 2020.]

  1. Law
  2. Arkansas Code
  3. Wills, Estates, and Fiduciary Relationships
  4. Fiduciary Relationships
  5. Uniform Directed Trust Act [Effective January 1, 2020]
  6. Duty to provide information to trust director or trustee. [Effective January 1, 2020.]

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  1. (a) Subject to § 28-76-111, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

    1. (1) the powers or duties of the trustee; and

    2. (2) the powers or duties of the director.

  2. (b) Subject to § 28-76-111, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

    1. (1) the powers or duties of the director; and

    2. (2) the powers or duties of the trustee or other director.

  3. (c) A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance.

  4. (d) A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance.


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