Liability of a Successor Trustee

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Sec. 13. (Liability of a Successor Trustee)

A successor trustee becomes liable for a breach of trust of his predecessor if he:

(a) fails to take whatever action is necessary to compel the predecessor trustee to deliver the trust property; or

(b) fails to make a reasonable effort to compel a redress of a breach of trust committed by the predecessor trustee.

Formerly: Acts 1971, P.L.416, SEC.4.


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