1.         A successor agent does not have a duty to review the conduct or decisions of a predecessor agent.

2.         A successor agent does not have a duty to institute any proceeding against a predecessor agent, or to file any claim against a predecessor agent’s estate, for any of the predecessor agent’s actions or omissions as agent. Except, a successor agent who has actual knowledge of a breach or imminent breach of fiduciary duty by another agent, must take any action reasonably appropriate in the circumstances to safeguard the principal’s best interests.

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