Section 55-2-22 - Fiduciary duty to determine that substituted property is of equivalent value

55-2-22. Fiduciary duty to determine that substituted property is of equivalent value.Notwithstanding the terms of a trust instrument, if a settlor has a power to substitute property of equivalent value, a trustee has a fiduciary duty to determine that the substituted property is of equivalent value, prior to allowing the substitution. Source: SL 2009, ch 252, §21.