GroundRules
Minn. Stat. § 501C.0804: PRUDENT ADMINISTRATION.
Where this section sits in the code
- PROPERTY AND PROPERTY INTERESTS
- CHAPTER 501C. TRUSTS
- DUTIES AND POWERS OF TRUSTEE
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, and distribution requirements of the trust and all relevant circumstances. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
Collected 2026-09-02T22:10:48Z. Source file · JSON