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.
Ala. Code § 19-3B-804
Prudent Administration.
Known as the Alabama Uniform Trust Code
The act spans §§ 19–19 (108 sections).
(Act 2006-216, p. 314, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.