Code of Virginia - Title 55 Property And Conveyances - Section 55-550.07 Event affecting administration or distribution.

§ 55-550.07. 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, 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.

(2005, c. 935.)

Sections:  Previous  55-548.17  55-550.01  55-550.02  55-550.03  55-550.04  55-550.05  55-550.06  55-550.07  55-550.08  55-550.09  55-550.10  55-550.11  55-550.12  55-550.13  55-551.01  Next

Last modified: April 3, 2009