B.__One hundred and twenty days after the trustee sent the person a copy of the trust instrument and a notice informing the person of the trust's existence, of the trustee's name and address and of the time allowed for commencing a proceeding.

2.__Trustee liability for distributions.__Upon the death of the settlor of a trust that was revocable at the settlor's death, the trustee may proceed to distribute the trust property in accordance with the terms of the trust. The trustee is not subject to liability for doing so unless:

A.__The trustee knows of a pending judicial proceeding contesting the validity of the trust; or

B.__A potential contestant has notified the trustee of a possible judicial proceeding to contest the trust and a judicial proceeding is commenced within 60 days after the contestant sent the notification.

3.__Beneficiary to return distribution.__A beneficiary of a trust that is determined to have been invalid is liable to return any distribution received.

CHAPTER 7

OFFICE OF TRUSTEE

§701.__Accepting or declining trusteeship

1.__Acceptance.__Except as otherwise provided in subsection 3, a person designated as trustee accepts the trusteeship:

A.__By substantially complying with a method of acceptance provided in the terms of the trust; or

B.__If the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, by accepting delivery of the trust property, exercising powers or performing duties as trustee or otherwise indicating acceptance of the trusteeship.

2.__Rejection.__A person designated as trustee who has not yet accepted the trusteeship may reject the trusteeship.__A designated trustee who does not accept the trusteeship within a reasonable time after knowing of the designation is deemed to have rejected the trusteeship.