Massachusetts General Laws ch. 203E sec. 804 – Prudent administration
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Section 804. Prudent administration
Terms Used In Massachusetts General Laws ch. 203E sec. 804
- Trustee: A person or institution holding and administering property in trust.
A trustee shall administer the trust as a prudent person would, considering the purposes, terms and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.