Ind. Code § 30-4-9-10
Providing information to a trust director; liability; breach of trust
As added by P.L.221-2019, SEC.10.
(a) Subject to section 11 of this chapter, 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 section 11 of this chapter, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related 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.
As added by P.L.221-2019, SEC.10.