(1) Subject to section 15-16-811, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:(a) The powers or duties of the trustee; and(b) The powers or duties of the director.(2) Subject to section 15-16-811, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to: (a) The powers or duties of the director; and(b) The powers or duties of the trustee or other director.(3) A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misconduct.(4) A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in willful misconduct.(5) A trustee shall provide a copy of the terms of the trust to a trust director.Added by 2019 Ch. 51,§ 1, eff. 8/2/2019.L. 2019: Entire part R & RE, (SB 19-105), ch. 171, p. es in willful misconduct.(5) A trustee shall provide a copy of the terms of the trust to a trust director.Added by 2019 Ch. 51,§ 1, eff. 8/2/2019.L. 2019: Entire part R & RE, (SB 19-105), ch. 171, p. 171, § 1, effective August 2.
Colorado Legal Code