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2011 Vermont Code
Title 14A Trusts
Chapter 11 TRUSTS PROTECTORS AND TRUST ADVISORS
§ 1102 Trust advisors and trust protectors as fiduciaries


14A VT Stats § 1102. (2011 through Adj Sess) What's This?

§ 1102. Trust advisors and trust protectors as fiduciaries

(a) A trust advisor or trust protector is a fiduciary with respect to each power granted to such trust advisor or trust protector. In exercising any power or refraining from exercising any power, a trust advisor or trust protector shall act in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.

(b) A trust advisor or trust protector is an excluded fiduciary with respect to each power granted or reserved exclusively to any one or more other trustees, trust advisors, or trust protectors. (Added 2009, No. 20, § 1.)

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