§ 44D-8A-810

W. Va. Code § 44D-8A-810

Duty to provide information to trust director or trustee.

  1. (a) Subject to §44D-8A-811 of this code, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

    1. (1) The powers or duties of the trustee; and
    2. (2) The powers or duties of the director.

  2. (b) Subject to §44A-8A-811 of this code, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

    1. (1) The powers or duties of the director; and
    2. (2) The powers or duties of the trustee or other director.
  3. (c) A trustee that acts in reliance upon 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.
  4. (d) A trust director that acts in reliance upon 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.
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