1. A trustee who distributes trust assets without making adequate provisions for the payment of creditor claims that are known or reasonably ascertainable shall be jointly and severally liable with the beneficiaries to the extent of the distributions made.
2. A trustee shall be entitled to indemnification from the beneficiaries for all amounts paid to creditors under this section, to the extent of distributions made.
99 Acts, ch 125, §35, 109; 2000 Acts, ch 1150, §19
Section effective July 1, 2000; 99 Acts, ch 125, §109
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