§ 1313

Limitation of action against trust director (a) An action against a trust director for breach of trust must be commenced within the same limitation period applicable to an action for breach of trust against a trustee in a like position and under similar circumstances. (b) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have in an action for breach of trust against a trustee in a like position and under similar circumstances. (Added 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)