30-4-3-6.5. Liability of trustee for lack of knowledge of event affecting administration or distribution of trust

IN Code § 30-4-3-6.5 (2019) (N/A)
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Sec. 6.5. If the happening of an event, including:

(1) marriage;

(2) divorce;

(3) performance of educational requirements; or

(4) 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.

As added by P.L.238-2005, SEC.33.