South Carolina Code 62-7-804. Prudent administration
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 62-7-804
- Trustee: A person or institution holding and administering property in trust.
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.