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 *.
Mo. Rev. Stat. § 469.904
Trust assets, retention and disposition
Known as the Uniform Fiduciaries Law
The act spans §§ 469–469 (73 sections).
Effective: 28 Aug 2004; (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.