                                 CODE OF VIRGINIA

DUTY TO PROVIDE INFORMATION TO TRUST DIRECTOR OR TRUSTEE (§ 64.2-779.33)

A. Subject to § 64.2-779.34, 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 trust director.

B. Subject to § 64.2-779.34, 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 trust director; and

   2. The powers or duties of the trustee or other trust 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, unless by so acting the trustee engages in willful misconduct.

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, unless by so acting the trust director
engages in willful misconduct.

HISTORY: 2020, c. 768.