Section 501C.0804 — Prudent Administration.

MN Stat § 501C.0804 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

History: 2015 c 5 art 8 s 4