Defenses in action against power holder.

§ 36C-8A-4.2. Defenses in action against power holder. In an action against a power holder for breach of trust, the power holder may assert the same defenses that a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee, including the following: (1) Reasonable reliance on the terms of a trust pursuant to G.S. 36C-9-901(b) and G.S. 36C-10-1006. (2) Reasonable care in ascertaining the happening of an event affecting the administration or distribution of a trust pursuant to G.S. 36C-10-1007. (3) Beneficiary's consent, release, or ratification pursuant to G.S. 36C-10-1009.