Indiana § 30-4-3.5-9 Delegation of functions by trustee

Indiana Statutes

§ 30-4-3.5-9 — Delegation of functions by trustee

Indiana § 30-4-3.5-9

Art. 4TRUST CODE

Ch. 3.5Indiana Uniform Prudent Investor Act

This text of Indiana § 30-4-3.5-9 (Delegation of functions by trustee) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-4-3.5-9 (2026).

Text

(a)A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill, and caution in:

(1)selecting an agent;

(2)establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and

(3)reviewing the agent's actions periodically in order to monitor the agent's performance and compliance with the terms of the delegation.

(b)In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care.

(c)By accepting the delegation of a trust function from the trustee of a trust that is subject to the law of Indiana, an agent submits to the jurisdiction of the courts of Indiana.

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(a) A trustee may delegate investment and
management functions that a prudent trustee of comparable skills could
properly delegate under the circumstances. The trustee shall exercise
reasonable care, skill, and caution in:
(1) selecting an agent;
(2) establishing the scope and terms of the delegation, consistent
with the purposes and terms of the trust; and
(3) reviewing the agent's actions periodically in order to monitor
the agent's performance and compliance with the terms of the
delegation.
(b) In performing a delegated function, an agent owes a duty to the
trust to exercise reasonable care.
(c) By accepting the delegation of a trust function from the trustee
of a trust that is subject to the law of Indiana, an agent submits to the
jurisdiction of the courts of Indiana.