Section 564-B:8-804 Prudent Administration.
A trustee shall administer, invest, and manage the trust and distribute the trust property 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.
Source. 2004, 130:1. 2005, 270:22, eff. Sept. 20, 2005.