Duty to provide information to trust director or trustee

Ark. Code Ann. § 28-76-110 — under Uniform Directed Trust Act.

Ark. Code Ann. § 28-76-110

(a) Subject to § 28-76-111, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:(1) the powers or duties of the trustee; and(2) the powers or duties of the director.

(1) the powers or duties of the trustee; and

(2) the powers or duties of the director.

(b) Subject to § 28-76-111, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:(1) the powers or duties of the director; and(2) the powers or duties of the trustee or other director.

(1) the powers or duties of the director; and

(2) the powers or duties of the trustee or other director.

(c) 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.

(d) 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.