Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 14. Trusts, Estates and Protective Proceedings |
Chapter 11. ARIZONA TRUST CODE |
Article 10. Liability of Trustees and Rights of Persons Dealing with Trustees |
Sec 14-11009. Beneficiary's consent, release or ratification
Latest version.
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A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach or ratified the transaction constituting the breach, unless either:
1. The consent, release or ratification of the beneficiary was induced by improper conduct of the trustee.
2. At the time of the consent, release or ratification, the beneficiary did not know of the beneficiary's rights or of the material facts relating to the breach.