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 this act.
Idaho Code § 68-504
Duties at inception of trusteeship
Known as the Idaho Uniform Prudent Investor Act
The act spans §§ 68-501 to 68-514 (14 sections).
I.C., § 68-504, as added by 1997, ch. 14, § 2, p. 14.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.