Minnesota Statutes 501C.1006 – Reliance On Trust Instrument
Current as of: 2023 | Check for updates
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A trustee who acts in reasonable reliance on the terms of the trust as expressed in the trust instrument is not liable for a breach of trust to the extent the breach resulted from the reliance.
Terms Used In Minnesota Statutes 501C.1006
- Trustee: A person or institution holding and administering property in trust.