59-16.1-10. Fiduciary duty.
46 words·~1 min read·
/nd/title-59/chapter-59-16-1-trust-decanting/59-16-1-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An authorized trustee exercising the power under this chapter has a fiduciary duty to exercise the power in the best interests of one or more proper objects of the exercise of the power and as a prudent person would exercise the power under the prevailing circumstances.