45-7-604. Diversification.
42 words·~1 min read·
/nm/chapter-45-uniform-probate-code/article-7-trust-administration/45-7-604A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.
History: 1978 Comp., § 45-7-604, enacted by Laws 1995, ch. 210, § 85.