Section 386A.5-050 - Trustee duties(1) Subject to KRS 386A.5-010(2), in exercising the powers of trusteeship, a trustee shall act in good faith, on an informed basis, and in a manner the trustee reasonably believes to be in the best interests of the statutory trust.(2) A trustee shall discharge his or her duties with the care that an ordinarily prudent person in a similar position would reasonably believe appropriate under similar circumstances.Added by 2012 Ky. Acts ch. 81,§ 37, eff. 7/11/2012.