456.8-804. Prudent administration.
Prudent administration.
456.8-804. A trustee shall administer the trust as a prudent personwould, by considering the purposes, terms, distributional requirements, andother circumstances of the trust. In satisfying this standard, the trusteeshall exercise reasonable care, skill, and caution.
(L. 2004 H.B. 1511)Effective 1-01-05