Minn. Stat. § 501C.0804

Current through Register Vol. 49, No. 8, August 19, 2024
Section 501C.0804 - PRUDENT ADMINISTRATION

A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, and distribution requirements of the trust and all relevant circumstances. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

Minn. Stat. § 501C.0804

2015 c 5 art 8 s 4

Added by 2015 Minn. Laws, ch. 5,s 8-4, eff. 1/1/2016.