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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter36C. North Carolina Uniform Trust Code. |
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Article10. Liability of Trustees and Rights of Persons Dealing with Trustees |
§36C-10-1007. Event affecting administration or distribution
Latest version.
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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.)