{"data":{"id":"us-ma/mass.-gen.-laws-ch.-203e-1012","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 203E, § 1012","heading":"Protection of person dealing with trustee","body":"Section 1012. Protection of person dealing with trustee\n(a) A person other than a beneficiary who in good faith assists a trustee or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee's powers shall be protected from liability as if the trustee properly exercised the power.\n(b) A person other than a beneficiary who in good faith deals with a trustee shall not be required to inquire into the extent of the trustee's powers or the propriety of their exercise.\n(c) A person who in good faith delivers assets to a trustee need not ensure their proper application.\n(d) A person other than a beneficiary who in good faith assists a former trustee or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated shall be protected from liability as if the former trustee were still a trustee.\n(e) Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries shall prevail over the protection provided by this section.","path":["Part II","Title II","Chapter 203E"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartII/TitleII/Chapter203E/Section1012","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:35Z","sha256":"4f563d73d7038e02aa70e767be6008e2525701ce7c998a03a32c264a01114776","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-203e-1011","next":"us-ma/mass.-gen.-laws-ch.-203e-1013"},"notice":"GroundRules: Original legal text. Not legal advice."}