386B.10-070 Event affecting administration or distribution.

KY Rev Stat § 386B.10-070 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

386B.10-070 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. Effective: July 15, 2014 History: Created 2014 Ky. Acts ch. 25, sec. 85, effective July 15, 2014.