- (a) A trustee is not liable to the beneficiary for a breach of trust committed by a former trustee.
(b) A trustee is liable to the beneficiary for a breach of trust if the trustee:
- (1) Knows or should know of a situation constituting a breach of trust committed by a former trustee and the trustee improperly permits it to continue;
- (2) Neglects to take reasonable steps to compel a former trustee or other person to deliver trust property to the trustee; or
- (3) Neglects to take reasonable steps to redress a breach of trust committed by a former trustee.
Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.