Common use of Exculpation of Trustees From Liability Clause in Contracts

Exculpation of Trustees From Liability. No Trustee shall incur any liability individually or on behalf of other individuals for any act or failure to act unless such act or failure to act is due to his own gross negligence or willful misconduct or lack of good faith. A Trustee may act or rely upon any of the following:

Appears in 4 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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