Review of trust assets
Sec. 4. Within a reasonable time after accepting a trusteeship or
receiving trust assets, a trustee shall review the trust assets and make
and implement decisions concerning the retention and disposition of
assets in order to bring the trust portfolio into compliance with the
purposes, terms, distribution requirements, and other circumstances
of the trust, and with the requirements of this chapter.
As added by P.L.137-1999, SEC.3.
Last modified: May 27, 2006