Section 5808.04 | Duty to act as prudent person.
Effective:
January 1, 2007
Latest Legislation:
House Bill 416 - 126th General Assembly
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.
Available Versions of this Section
- January 1, 2007 – House Bill 416 - 126th General Assembly [ View January 1, 2007 Version ]