§ 1007 - Event affecting administration or distribution - Vermont Statutes

§ 1007. Event affecting administration or distribution

If the happening of an event, including, but not limited to, 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.)