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.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 73 - Arkansas Trust Code
Subchapter 10 - Liability of Trustees and Rights of Persons Dealing With Trustees
§ 28-73-1001. Remedies for breach of trust
§ 28-73-1002. Damages for breach of trust
§ 28-73-1003. Damages in absence of breach
§ 28-73-1004. Attorney's fees and costs
§ 28-73-1005. Limitation of action against trustee
§ 28-73-1006. Reliance on trust instrument
§ 28-73-1007. Event affecting administration or distribution
§ 28-73-1008. Exculpation of trustee
§ 28-73-1009. Beneficiary's consent, release, or ratification
§ 28-73-1010. Limitation on personal liability of trustee
§ 28-73-1011. Interest as general partner