{"data":{"id":"us-me/18-b-m.r.s.-1012","jurisdiction":"us-me","citation":"18-B M.R.S. §1012","heading":"Protection of person dealing with trustee","body":"1.  Exceeding or improperly exercising powers.  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 is protected from liability as if the trustee properly exercised those powers.\n2.  No duty to inquire.  A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee's powers or the propriety of their exercise.\n3.  In good faith delivery of assets.  A person who in good faith delivers assets to a trustee need not ensure their proper application.\n4.  Former trustee.  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 is protected from liability as if the former trustee were still a trustee.\n5.  Other protections prevail.  Provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries that are more protective prevail over the protection provided by this section.","path":["TITLE 18-B: TRUSTS","PART 1: MAINE UNIFORM TRUST CODE","CHAPTER 10: LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE"],"source_url":"https://legislature.maine.gov/statutes/18-B/title18-Bsec1012.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:29Z","sha256":"8ae0897bc0b4ac21cc5867fd43e60e7a148327636d5eeea08742b0c21da4f47c","source_id":"us-me","stale":false,"prev":"us-me/18-b-m.r.s.-1011","next":"us-me/18-b-m.r.s.-1013"},"notice":"GroundRules: Original legal text. Not legal advice."}