Ind. Code § 30-4-3-6.5 – Liability of trustee for lack of knowledge of event affecting administration or distribution of trust

If the happening of an event, including:

(1) marriage;
(2) divorce;
(3) performance of educational requirements; or
(4) 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.

As added by P.L.238-2005, SEC.33.