N.C. Gen. Stat. § 36C-8-804

Current through Session Law 2024-56

Section 36C-8-804 - 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.

N.C. Gen. Stat. § 36C-8-804

Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.