Haw. Rev. Stat. § 554D-1012
Protection of person dealing with trustee
Hawaii · Hawaii Revised Statutes Chapter 554D · Status: effective
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- Citation
- Haw. Rev. Stat. § 554D-1012, Protection of person dealing with trustee, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2428362
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Full text
(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 actual knowledge that the trustee is exceeding or improperly exercising the trustee's powers, shall be 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 shall not be 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 shall not be required to 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 actual knowledge that the trusteeship has terminated, shall be 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 shall prevail over the protection provided by this section.