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Searching 2023-2024 Session

The Vermont Statutes Online

The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

Title 14A : Trusts

Chapter 011 : Trusts Protectors and Trust Advisors

(Cite as: 14A V.S.A. § 1105)
  • § 1105. Fiduciary’s liability for action or inaction of trustee, trust advisor, and trust protector

    An excluded fiduciary is not liable for:

    (1) any loss resulting from any action or inaction of a trustee, trust advisor, or trust protector; or

    (2) any loss that results from the failure of a trustee, trust advisor, or trust protector to take any action proposed by the excluded fiduciary where such action requires the authorization of the trustee, trust advisor, or trust protector, provided that an excluded fiduciary who had a duty to propose such action timely sought but failed to obtain the authorization. (Added 2009, No. 20, § 1.)