(UDTA 12) The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee’s exercise or nonexercise of a power of the other cotrustee to the same extent that in a directed trust a directed trustee is relieved from duty and liability with respect to a trust director’s power of direction under sections 30-4309 to 30-4311.

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Terms Used In Nebraska Statutes 30-4312

  • Trustee: A person or institution holding and administering property in trust.