Section 19-3B-1007 Event affecting administration or distribution.
Section 19-3B-1007
Event affecting administration or distribution.
If the happening of an event, including marriage, divorce, performance of educational requirements, or death, affects the administration or distribution of a trust, then a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge.
(Act 2006-216, p. 314, §1.)