Code of Alabama - Title 19: Fiduciaries and Trusts - 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.)

Last modified: May 3, 2021