General Laws

[Text of section applicable as provided by 2012, 140, Sec. 66.]

Section 1010. Limitation on personal liability of trustee

(a) Except as otherwise provided in the contract, a trustee shall not be personally liable on a contract properly entered into in the trustee’s fiduciary capacity in the course of administering the trust if the trustee, in the contract, disclosed the fiduciary capacity.

(b) A trustee shall be personally liable for torts committed in the course of administering a trust or for obligations arising from ownership or control of trust property, including liability for violation of environmental law, only if the trustee is personally at fault.

(c) A claim based on a contract entered into by a trustee in the trustee’s fiduciary capacity, on an obligation arising from ownership or control of trust property or on a tort committed in the course of administering a trust, may be asserted in a judicial proceeding against the trustee in the trustee’s fiduciary capacity, whether or not the trustee is personally liable for the claim.