A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution. [2005 c.348 §62]
Section: Previous 130.625 130.630 130.635 130.640 130.650 130.655 130.660 130.665 130.670 130.675 130.680 130.685 130.690 130.695 130.700 NextLast modified: August 7, 2008