Maine Statutes
§ 18-B §804 — 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.
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Legislative History
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).
Nearby Sections
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§ 18 §1
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Posthumous child takes intestate share§ 18 §1005
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Contribution to loss by devisee§ 18 §1008
Rights of heirs of deceased devisees§ 18 §102
Petition for probate; notice§ 18 §103
Competency of witnesses§ 18 §104
Depositions