In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
R.I. Gen. Laws § 18-15-7
Investment costs
Known as the Rhode Island Uniform Prudent Investor Act
The act spans §§ 18–18 (13 sections).
P.L. 1996, ch. 276, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.