20 Pa. C.S. § 7787

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 7787 - Event affecting administration or distribution - UTC 1007

If the happening of an event, including marriage, divorce, performance of educational requirements, attaining a specific 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.

20 Pa.C.S. § 7787

2006, July 7, P.L. 625, No. 98, §9, effective in 120 days [ 11/6/2006].