KRS 386B.12-100: No duty to monitor, inform, or advise.
Where this section sits in the code
(1) Unless the terms of a trust provide otherwise:
(a) The trustee shall not have a duty to:
1. Monitor a trust director; or
2. Inform or give advice to a settlor, beneficiary, trustee, or trust director
concerning an instance in which the trustee might have a cted differently
than the director; and
(b) By taking an action described in paragraph (a) of this subsection, a trustee
does not assume the duty excluded by paragraph (a) of this subsection.
(2) Unless the terms of a trust provide otherwise:
(a) The trust director shall not have a duty to:
1. Monitor a trustee or another trust director; or
2. Inform or give advice to a settlor, beneficiary, trustee, or another trust
director concerning an instance in which the director might have acted
differently than a trustee or another director; and
(b) By taking an action described in paragraph (a) of this subsection, a trust
director does not assume the duty excluded by paragraph (a) of this
subsection.
Collected 2026-09-05T20:59:19Z. Source file · JSON