Section 700.7907 - Event affecting administration or distribution.
ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998
700.7907 Event affecting administration or distribution.
Sec. 7907.
If the happening of an event, including, but not limited to, marriage, divorce, performance of educational requirements, attainment of a specific age, or death, affects the administration or distribution of a trust, 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 or lack of notice.
History: Add. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC