Unless otherwise provided in the trust agreement, a successor trustee:

1. (1) Is not individually liable for actions or inactions of a predecessor fiduciary, including agreements, contracts accountings, records, distributions, investments, modifications, reformations, or other acts entered into by its predecessor fiduciary; and

2. (2) Does not have a duty to:

   1. (a) Confirm or validate such predecessor fiduciary's actions or inactions;
   2. (b) Confirm the validity of the trust agreement; or
   3. (c) Prosecute or seek redress for any action or inaction by the predecessor fiduciary.

Source: SL 1991, ch 229 , § 2; SL 2021, ch 207 , § 10.