Vermont § 1012 - Protection of person dealing with trustee
Full text of Vermont Vermont Statutes Online § 1012 — Protection of person dealing with trustee, with citation guidance and answers to common questions.
§ 1012. Protection of person dealing with trustee
- (a) A person other than a beneficiary who in good faith assists a trustee or who in good
faith and for value deals with a trustee without knowledge that the trustee is exceeding
or improperly exercising the trustee’s powers is protected from liability as if the
trustee properly exercised the power. (b) A person other than a beneficiary who in good faith deals with a trustee is not required
to inquire into the extent of the trustee’s powers or the propriety of their exercise. (c) A person who in good faith delivers assets to a trustee need not ensure their proper
application. (d) A person other than a beneficiary who in good faith assists a former trustee or who
in good faith and for value deals with a former trustee without knowledge that the
trusteeship has terminated is protected from liability as if the former trustee were
still a trustee. (e) Comparable protective provisions of other laws relating to commercial transactions
or transfer of securities by fiduciaries prevail over the protection provided by this
section. (Added 2009, No. 20, § 1.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1012
What does Vermont Statutes Online § 1012 cover?
Section 1012 ("Protection of person dealing with trustee") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1012?
A common citation format is "Vermont Statutes Online § 1012" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1012 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.