If the happening of an event, including marriage, divorce, performance of educational requirements, attainment of a specified age, 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.
Vt. Stat. Ann. tit. 14A, § 1007
Event affecting administration or distribution
Known as the Vermont Trust Code
The act spans §§ 14A-1001 to 14A-908 (107 sections).
Added 2009, No. 20, § 1.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.