§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, 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. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 10: LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE
18-B §1001. Remedies for breach of trust
18-B §1002. Damages for breach of trust
18-B §1003. Damages in absence of breach
18-B §1004. Attorney's fees and costs
18-B §1005. Limitation of action against trustee
18-B §1006. Reliance on trust instrument
18-B §1007. Event affecting administration or distribution
18-B §1008. Exculpation of trustee
18-B §1009. Beneficiary's consent, release or ratification
18-B §1010. Limitation on personal liability of trustee
18-B §1011. Interest as general partner