Delegation by trustee. (1) A trustee may delegate duties and powers that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill and caution in: (a) Selecting an agent; (b) Establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and (c) Periodically reviewing the agents actions in order to monitor the agents performance and compliance with the terms of the delegation. (2) In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care to comply with the terms of the delegation. (3) A trustee who complies with subsection (1) of this section is not liable to the beneficiaries or to the trust for an action of the agent. (4) By accepting a delegation of powers or duties from the trustee of a trust that is subject to this states law, an agent submits to the jurisdiction of the courts of this state.
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