§ 19-1308.04Title 19
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.
Annotations
Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208 Uniform Law: This section is based upon § 804 of the Uniform Trust Code.
Sourced from the DC Council Open Law Library (public domain).
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