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Code · North Carolina · Chapter 36C — North Carolina Uniform Trust Code

§ 36C-8-804. Prudent administration.

44 words·~1 min read·/nc/chapter-36c/36c-8-804

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§ 36C-8-804. Prudent administration.
A trustee shall administer the trust 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. (2005-192, s. 2.)
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