72-34-127. Exceptions to duty to report information and to provide annual statement. The trustee is not required to report information or to provide an annual statement to a beneficiary in any of the following circumstances:
     (1) to the extent the trust instrument waives the report or annual statement;
     (2) in the case of a beneficiary of a revocable trust, as provided in 72-33-701;
     (3) as to a beneficiary who has waived in writing the right to a report or annual statement. A waiver of rights under this subsection may be withdrawn in writing at any time as to the most recent annual statement or future annual statements. A waiver has no effect of the beneficiary's right to petition for a report, statement, or account pursuant to 72-35-301.
     (4) if the beneficiary and the trustee are the same person.

     History: En. Sec. 95, Ch. 685, L. 1989.