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HomeMy WebLinkAbout2966 ~ 7~1i Snch directions shall be followed by the Trustee and it sl-,all not be liable for depreciation or loss incurred by reason of sales, exchanges, purchases, or otner action taken pursuant ~o such directions, or by reason of inaction on its part should the Grantor ~ail to give such directions. During the life of the Grantor and so long as he has not relinquished the investment con- trol retained pursuant to this paragraph, the Trustee shall be under no ~ obligation to review or investigate any property in the trust estate, concern itself with the propriety of any investrnent, or furnish the Grantor with anp i recommendations concerning such property. ~ ~ ~ 9. TRUSTEE'S RIGHTS ; The Trustee, without regard to any iegal restrictions other- wise applicable to trustees, shall be entitled: (a) To act at any time and in any jurisdiction without bond ~ or other securith to ensure the faithful performance of its fiduciary duties. ~ 5 (b) To rely upon any document or othe r pape r if believed ~ S by it to be genuine and to be signed and delivered by or on behalf of the proper person, firm, or corporation, without incurring liability for any action or inaction based thereon. (c) To assume, in the absence of written notice to the con- trary from the person or persons concerned, that a fact or an event, by reason of which an interest or estate under this agreement shall commence ~ or terminate, does not exist or has not occurred, without incurring liability ~ ~ for any action or inaction based upon such assumption. . ' (d) To continue to have or exercise, after the termination of the trust in whole or in part and until the final distribution thereof, all the title, powers, discretions, rights, and duties conferred or imposed upon the Trustee by law or by this agreement during the existence of the trust. ~ ~ (e) To use its best judgment in exercising the powers, discretions, and rights conferred by ~his agreement or in performing the duties imposed upon the Trustee by law and, in order to feel free in doing so, to be exempt from liability for ~ny action taken or omitted in good faith. (f) To employ agents, deposita.ries, and lawyers, to dele- gate to them discretionary powers if need be, and to compensate them for their s: rvices. -4- # •MATM[R• • TMOMr~ON Q ~ ! ~urR~o 1. DU?ONT ~YIlO1M0 ~ RM ~ MlAYI, RORIDA ~ ~S„"~ , . . , , . x ~ .~a..'~'7.