Alabama Statutes
§ 19-3B-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, then 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 19-3B-1007 (Event Affecting Administration or Distribution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2006-216, p. 314, §1.)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short Title