West Virginia Statutes

§ 44-6C-4 — Duties at inception of trusteeship

West Virginia·Ch. 44 ADMINISTRATION OF ESTATES AND TRUSTS·Art. 6C UNIFORM PRUDENT INVESTOR ACT
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements and other circumstances of the trust, and with the requirements of this article.

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Legislative History

1996 Reg. Sess., SB294

Nearby Sections

15
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