Ind. Code § 30-4-3-6.5

Current through P.L. 171-2024

Section 30-4-3-6.5 - Liability of trustee for lack of knowledge of event affecting administration or distribution of trust

If the happening of an event, including:

(1) marriage;

(2) divorce;

(3) performance of educational requirements; or

(4) 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.

IC 30-4-3-6.5

As added by P.L. 238-2005, SEC.33.