Section 5808.04 - Duty to act as prudent person.

Ohio Rev Code § 5808.04 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

A trustee shall administer the trust as a prudent person would and shall consider the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

Effective Date: 01-01-2007 .