Assertion: trust's trustee | /r/HasProperty | exonerated in situation
Facets:
Source sentences:
text: Thus, a trustee can be exonerated from the "self-dealing" rules on property in situations where: (1) the transaction was authorized by the terms of the trust; (2) the transaction was approved by the court;(3) the beneficiary did not commence a judicial proceeding within the time allowed under statutes of limitation; (4) the beneficiary somehow consented to the trustee's conduct, ratified the transaction, or released the trustee; or (5) the transaction involves a contract entered into or claim acquired by the trustee before the person became or contemplated becoming trustee.