Mass. Gen. Laws ch. 203C § 5
Current through Chapter 205 of the 2024 Legislative Session
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 and the other circumstances of the trust, and with the requirements of this chapter.
Mass. Gen. Laws ch. 203C, § 5