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§ 64-2-779-32 — Virginia Law | CourtGPT
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Virginia Legal Code

§ 64-2-779-32

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A. Subject to subsection B, 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 subdivision B 1 of § 64.2-779.29, and the trustee is not liable for the action.\nB. A directed trustee must not comply with a trust director's exercise or nonexercise of a power of direction or further power under subdivision B 1 of § 64.2-779.29 to the extent that by complying the trustee would engage in willful misconduct.\nC. 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:\n1. The breach involved the trustee's or other trust director's willful misconduct;\n2. The release was induced by improper conduct of the trustee or other trust director in procuring that release; or\n3. At the time of the release, the trust director did not know the material facts relating to the breach.\nD. A directed trustee that has reasonable doubt about its duty under this section may petition the court for instructions.\nE.

trust director did not know the material facts relating to the breach.\nD. A directed trustee that has reasonable doubt about its duty under this section may petition the court for instructions.\nE. 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.\n2020, c. 768.