{"data":{"id":"us-mt/72-38-1012","jurisdiction":"us-mt","citation":"72-38-1012","heading":"Protection of person dealing with trustee.","body":"(1) 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 the power.\n(2) 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.\n(3) A person who in good faith delivers assets to a trustee need not ensure their proper application.\n(4) 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.\n(5) Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.","path":["TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS","CHAPTER 38. MONTANA UNIFORM TRUST CODE","Part 10. Liability of Trustees and Rights of Persons Dealing with Trustee"],"source_url":"https://mca.legmt.gov/bills/mca/title_0720/chapter_0380/part_0100/section_0120/0720-0380-0100-0120.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:59:35Z","sha256":"9bf5e57b11260143f8280356e1ceb4f3cdf2f59dea491984476aa0edf143fc6e","source_id":"us-mt","stale":false,"prev":"us-mt/72-38-1011","next":"us-mt/72-38-1013"},"notice":"GroundRules: Original legal text. Not legal advice."}