Minnesota Legislature
Office of the Revisor of Statutes
2019 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
501C.0804 PRUDENT ADMINISTRATION.
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, and distribution requirements of the trust and all relevant circumstances. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
History:
Official Publication of the State of Minnesota
Revisor of Statutes