456.8-807. Delegation by trustee. - Missouri Statutes

Delegation by trustee.

456.8-807. 1. A trustee may delegate to an agent duties and powersthat a prudent trustee of comparable skills could properly delegate underthe circumstances. The trustee shall exercise reasonable care, skill, andcaution in:

(1) selecting an agent;

(2) establishing the scope and terms of the delegation, consistentwith the purposes and terms of the trust; and

(3) periodically reviewing the agent's actions in order to monitorthe agent's performance and compliance with the terms of the delegation.

2. In performing a delegated function, an agent owes a duty to thetrust to exercise reasonable care to comply with the terms of thedelegation.

3. A trustee who complies with subsection 1 of this section is notliable to the beneficiaries or to the trust for an action of the agent towhom the function was delegated.

4. By accepting a delegation of powers or duties from the trustee ofa trust that is subject to the law of this state, an agent submits to thejurisdiction of the courts of this state.

(L. 2004 H.B. 1511)

Effective 1-01-05