N.D. Cent. Code § 59-16.1-10

Current through 2024 Legislative Session
Section 59-16.1-10 - Fiduciary duty

An authorized trustee exercising the power under this chapter has a fiduciary duty to exercise the power in the best interests of one or more proper objects of the exercise of the power and as a prudent person would exercise the power under the prevailing circumstances.

N.D.C.C. § 59-16.1-10

Added by S.L. 2017, ch. 416 (HB 1228),§ 8, eff. 8/1/2017.