The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
(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.)