Duties and responsibility of the trustee

15 U.S. Code § 77ooo. Duties and responsibility of the trustee

(a) Duties prior to defaultThe indenture to be qualified shall automatically be deemed (unless it is expressly provided therein that any such provision is excluded) to provide that, prior to default (as such term is defined in such indenture)—
(1)
the indenture trustee shall not be liable except for the performance of such duties as are specifically set out in such indenture; and
(2)
the indenture trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, in the absence of bad faith on the part of such trustee, upon certificates or opinions conforming to the requirements of the indenture;
but the indenture trustee shall examine the evidence furnished to it pursuant to section 77nnn of this title to determine whether or not such evidence conforms to the requirements of the indenture.
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