Section 13.36.150. Trustee leasing, buying, or selling to or from itself or a related person.

Latest version.

A trustee, unless expressly authorized by the trust instrument, may not directly or indirectly lease, buy, or sell property for the trust from or to
        (1) itself or an affiliate;
        (2) a director, an officer, or an employee of the trustee or an affiliate; or
        (3) a relative, an employer, or a partner or other business associate.

Notes

History

(Sec. 12 ch 105 SLA 1998)

                    
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