45-7-608. Investment costs.
46 words·~1 min read·
/nm/chapter-45-uniform-probate-code/article-7-trust-administration/45-7-608·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust and the skills of the trustee.
History: 1978 Comp., § 45-7-608, enacted by Laws 1995, ch. 210, § 89.