Ark. Code Ann. § 28-73-1007

Event affecting administration or distribution

Last amended: 2005Year: 2026Length: 112 words
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. Acts 2005, No. 1031, § 1. 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. Acts 2005, No. 1031, § 1.
Ark. Code Ann. § 28-73-1007: Event affecting administration or distribution | Justis AI