{"data":{"id":"us-mn/minn.-stat.-501c.0804","jurisdiction":"us-mn","citation":"Minn. Stat. § 501C.0804","heading":"PRUDENT ADMINISTRATION.","body":"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.","path":["PROPERTY AND PROPERTY INTERESTS","CHAPTER 501C. TRUSTS","DUTIES AND POWERS OF TRUSTEE"],"source_url":"https://www.revisor.mn.gov/statutes/cite/501C.0804","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:48Z","sha256":"3676ae86182887c2f16aaffdb22b9a7be6d92a4a332efd48b947689775a8a8a6","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-501c.0803","next":"us-mn/minn.-stat.-501c.0807"},"notice":"GroundRules: Original legal text. Not legal advice."}