(1) Subject to subsection (2) of this section, a directed trustee shall take reasonable action to comply with a trust director's exercise or nonexercise of a power of direction or further power under section 15-16-806(2)(a), and the trustee is not liable for the action.(2) A directed trustee must not comply with a trust director's exercise or nonexercise of a power of direction or further power under section 15-16-806(2)(a) to the extent that by complying the trustee would engage in willful misconduct.(3) An exercise of a power of direction under which a trust director may release a trustee or another trust director from liability for breach of trust is not effective if: (a) The breach involved the trustee's or other director's willful misconduct;(b) The release was induced by improper conduct of the trustee or other director in procuring the release; or(c) At the time of the release, the director did not know the material facts relating to the breach.(4) A directed trustee that has reasonable doubt about its duty under this section may petition the court for instructions.(5) The terms of a trust may impose a duty or liability on a directed trustee in addition to the duties and reasonable doubt about its duty under this section may petition the court for instructions.(5) The terms of a trust may impose a duty or liability on a directed trustee in addition to the duties and liabilities under this section.Added by 2019 Ch. 51,§ 1, eff. 8/2/2019.L. 2019: Entire part R & RE, (SB 19-105), ch. 170, p. 170, § 1, effective August 2.
Colorado Legal Code