Senate Bill 305
DIGEST
Nontrustee fiduciaries. Defines certain categories of nontrustee fiduciaries. Specifies certain powers and duties of nontrustee fiduciaries with respect to the administration of trusts. Provides limitations on the liability that may be imposed upon nontrustee fiduciaries in the exercise of their powers and performance of their duties. Provides limitations on the liability that may be imposed on trustees with respect to their interaction with nontrustee fiduciaries. Specifies rules governing the choice of law with respect to nontrustee fiduciaries.
Nontrustee fiduciaries. Defines certain categories of nontrustee fiduciaries. Specifies certain powers and duties of nontrustee fiduciaries with respect to the administration of trusts. Provides limitations on the liability that may be imposed upon nontrustee fiduciaries in the exercise of their powers and performance of their duties. Provides limitations on the liability that may be imposed on trustees with respect to their interaction with nontrustee fiduciaries. Specifies rules governing the choice of law with respect to nontrustee fiduciaries.
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