Haw. Rev. Stat. § 554D-804

Current through the 2024 Legislative Session
Section 554D-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.

HRS § 554D-804

Added by L 2021, c 32,§ 2, eff. 1/1/2022.