TITLE 15

UNIFORM PROBATE CODE

CHAPTER 7

TRUST ADMINISTRATION

PART 3.

DUTIES AND LIABILITIES OF TRUSTEES

15-7-302.  Trustee’s standard of care and performance. Except as otherwise provided by the terms of the trust, the trustee shall observe the standards in dealing with the trust assets that would be observed by a prudent man dealing with the property of another, and if the trustee has special skills or is named trustee on the basis of representations of special skills or expertise, he is under a duty to use those skills.

History:

[I.C., sec. 15-7-302, as added by 1971, ch. 111, sec. 1, p. 233.]