Connecticut General Statutes 45a-499ttt – Event affecting administration or distribution
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If an event, including marriage, divorce, performance of educational requirements or death affects 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.
Terms Used In Connecticut General Statutes 45a-499ttt
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional and successor trustee and a cotrustee. See Connecticut General Statutes 45a-499c