Section 501C.1007 — Event Affecting Administration Or Distribution.

MN Stat § 501C.1007 (2019) (N/A)
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If the occurrence 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 occurrence of the event is not liable for a loss resulting from the trustee's lack of knowledge.

History: 2015 c 5 art 10 s 7