12-3432. Same; liability of trustees.
12-3432
12-3432. Same; liability of trustees.
No trustee or beneficiary shall be charged with any liability whatsoever
by reason of any act or omission committed or suffered in the performance
of such trust or in the operation of the trust property, except for willful
or grossly negligent breach of trust: Provided, however, Any act,
liability for any omission, or obligation of a trustee or trustees, in the
execution of such trust, or in the operation of the trust property, shall
extend to the whole of the trust estate or so much thereof as may be
necessary to discharge such liability or obligation and not otherwise.
History: L. 1969, ch. 89, § 32; July 1.