A fiduciary shall exercise reasonable care, skill and caution in making and implementing investment and management decisions. A fiduciary who represents that he has special investment skills shall exercise those skills.
20 Pa.C.S. § 7212
Degree of care
Known as the Probate, Estates and Fiduciaries Code
The act spans §§ 20–20 (744 sections).
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.