D.C. Code § 19-2110
Duty to provide information to trust director or trustee.
Effective Mar 21, 2025Mar. 21, 2025, D.C. Law 25-298, § 2(c)
(a) Subject to § 19-2111, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
- (1) The powers or duties of the trustee; and
- (2) The powers or duties of the director.
(b) Subject to § 19-2111, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
- (1) The powers or duties of the director; and
- (2) The powers or duties of the trustee or other director.
- (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, unless by so acting the trustee engages in willful misconduct.
- (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, unless by so acting the trust director engages in willful misconduct.
History
Mar. 21, 2025, D.C. Law 25-298, § 2(c)