Massachusetts General Laws ch. 203E sec. 1007 – Event affecting administration or distribution
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Section 1007. Event affecting administration or distribution
Terms Used In Massachusetts General Laws ch. 203E sec. 1007
- Trustee: A person or institution holding and administering property in trust.
If the happening of an event or change of status, including, but not limited to: birth, adoption, 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 or change of status shall not be liable for a loss resulting from the trustee’s lack of knowledge.