36C-10-1007. 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. (2005-192, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code
Article 10 - Liability of Trustees and Rights of Persons Dealing with Trustees.
§ 36C-10-1001 - Remedies for breach of trust.
§ 36C-10-1002 - Damages for breach of trust.
§ 36C-10-1003 - Liability in absence of breach.
§ 36C-10-1004 - Attorneys' fees and costs.
§ 36C-10-1005 - Limitation of action against trustee.
§ 36C-10-1006 - Reliance on trust instrument.
§ 36C-10-1007 - Event affecting administration or distribution.
§ 36C-10-1008 - Exculpation of trustee.
§ 36C-10-1009 - Beneficiary's consent, release, or ratification.
§ 36C-10-1010 - Limitation on personal liability of trustee.
§ 36C-10-1011 - Interest as general partner.