Ohio Revised Code (Last Updated: January 27, 2016) |
Title 58. LVIII TRUSTS |
Chapter 5808. TRUST ADMINISTRATION |
Section 5808.04. Duty to act as prudent person
Latest version.
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A trustee shall administer the trust as a prudent person would and shall consider the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
Effective Date: 01-01-2007