TITLE 68

TRUSTS AND FIDUCIARIES

CHAPTER 1

TRUSTS

68-106A.  Fiduciary duty to determine equivalent value of substituted property. Notwithstanding the terms of a trust instrument, if a grantor has the power to substitute property of equivalent value, a trustee has a fiduciary duty to determine that the substitute property is of equivalent value, prior to allowing the substitution.

History:

[68-106A, added 2011, ch. 35, sec. 1, p. 78.]