Definition of Exculpatory Clause
Such clause in favor of a trustee in will implies that trustee has power which he purports to execute, and it exculpates him where this power is exercised in good faith. In re Wacht’s Estate, Sur., 32 N.Y.S.2d 871, 897.
That's the definition of Exculpatory Clause in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.