633.4208  Cotrustees.

1.  If a trust has more than one trustee, each trustee shall perform all of the following duties:

a.  Participate in the administration of the trust.

b.  Take reasonable steps to prevent a cotrustee from committing a breach of trust, and to compel a cotrustee to redress a breach of trust.

2.  A trustee who complies with subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of a cotrustee.

Section History: Recent form

  99 Acts, ch 125, §54, 109

Footnotes

  Section effective July 1, 2000; 99 Acts, ch 125, §109


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