Kentucky Revised Statutes · § 386B.12-090 — Duty to provide information to trust director and trustee

(1) Subject to KRS 386B.12-100, a trustee shall provide information to a trust director to the extent the information is reasonably related to both:

(a) The powers or duties of the trustee; and

(b) The powers or duties of the director.

(2) Subject to KRS 386B.12-100, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related to both:

(a) The powers or duties of the director; and

(b) The powers or duties of the trustee or other director.

(3) A trustee that acts in reliance on information provided by a trust director is not liable for breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in willful misconduct.

(4) 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.