Ala. Code § 19-3B-1007

Current through the 2024 Regular Session.
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.

Ala. Code § 19-3B-1007 (1975)

Act 2006-216, p. 314, §1.