New Hampshire Revised Statutes 564-B:8-804 – Prudent Administration
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 564-B:8-804
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Trustee: A person or institution holding and administering property in trust.
A trustee shall administer, invest, and manage the trust and distribute the trust property 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.