Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter36C. North Carolina Uniform Trust Code. |
Article10. Liability of Trustees and Rights of Persons Dealing with Trustees |
§36C-10-1008. Exculpation of trustee
Latest version.
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A term of a trust relieving a trustee of liability for breach of trust is unenforceable to the extent that it relieves the trustee of liability for breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries.
(2005-192, s. 2.)