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.
§ 46A-10-1007 NMSA 1978
Event affecting administration or distribution
Laws 2003, ch. 122, § 10 -1006; recompiled as § 46A-10-1007 by Laws 2007, ch. 128, § 30.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.