Miss. Code § 91-8-804

Current through the 2024 Regular Session
Section 91-8-804 - 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.

Miss. Code § 91-8-804

Added by Laws, 2014, ch. 421, SB 2727, 62, eff. 7/1/2014.