A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless:
(1) the consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or
(2) at the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.
Section: Previous 28-73-1002 28-73-1003 28-73-1004 28-73-1005 28-73-1006 28-73-1007 28-73-1008 28-73-1009 28-73-1010 28-73-1011 28-73-1012 28-73-1013 NextLast modified: November 15, 2016