Idaho Code § 68-106A

Current through the 2024 Regular Session

Section 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.

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

Added by 2011 Session Laws, ch. 35,sec. 1, eff. 7/1/2011.