Minn. Stat. § 501C.1007

Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.1007 - EVENT AFFECTING ADMINISTRATION OR DISTRIBUTION

If the occurrence 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 occurrence of the event is not liable for a loss resulting from the trustee's lack of knowledge.

Minn. Stat. § 501C.1007

2015 c 5 art 10 s 7

Added by 2015 Minn. Laws, ch. 5,s 10-7, eff. 1/1/2016.