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, distribution requirements and other circumstances of the trust, and with the requirements of sections 45a-541 to 45a-541l, inclusive.

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Terms Used In Connecticut General Statutes 45a-541d

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.