72-38-1007. 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.
History: En. Sec. 124, Ch. 264, L. 2013.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 38. Montana Uniform Trust Code
Part 10. Liability of Trustees and Rights of Persons Dealing with Trustee
72-38-1001. Remedies for breach of trust
72-38-1002. Damages for breach of trust
72-38-1003. Damages in absence of breach
72-38-1004. Attorney fees and costs
72-38-1005. Limitation of action against trustee
72-38-1006. Reliance on trust instrument
72-38-1007. Event affecting administration or distribution
72-38-1008. Exculpation of trustee
72-38-1009. Beneficiary's consent, release, or ratification
72-38-1010. Limitation on personal liability of trustee
72-38-1011. Interest as general partner