§ 1007. Event affecting administration or distribution
If the happening of an event, including marriage, divorce, performance of educational requirements, attainment of a specified age, 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. (Added 2009, No. 20, § 1.)
Structure Vermont Statutes
Chapter 10 - Liability of Trustees and Rights of Persons Dealing With Trustee
§ 1001. Remedies for breach of trust
§ 1002. Damages for breach of trust
§ 1003. Damages in absence of breach
§ 1004. Attorney’s fees and costs
§ 1005. Limitation of action against trustee
§ 1006. Reliance on trust instrument
§ 1007. Event affecting administration or distribution
§ 1008. Exculpation of trustee
§ 1009. Beneficiary’s consent, release, or ratification
§ 1010. Limitation on personal liability of trustee
§ 1011. Interest as general partner