2010 North Carolina Code
Chapter 36C North Carolina Uniform Trust Code.
Article 10 - Liability of Trustees and Rights of Persons Dealing with Trustees.
36C-10-1007. Event affecting administration or distribution.


NC Gen Stat § 36C-10-1007 What's This?

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.)

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