Event Affecting Administration or Distribution

Ala. Code § 19-3B-1007 — under Title 19.

Ala. Code § 19-3B-1007

If the happening of an event, including marriage, divorce, performance of educational requirements, or death, affects the administration or distribution of a trust, then 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: (Act 2006-216, p. 314, §1.)