(UDTA 13) (a) An action against a trust director for breach of trust must be commenced within the same limitation period as under section 30-3894 for an action for breach of trust against a trustee in a like position and under similar circumstances.

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Terms Used In Nebraska Statutes 30-4313

  • Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
  • Trustee: A person or institution holding and administering property in trust.

(b) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under section 30-3894 in an action for breach of trust against a trustee in a like position and under similar circumstances.