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2017 Maryland Code
Estates and Trusts
Title 14.5. Maryland Trust Act.
Subtitle 8 - Duties and Powers of Trustee.
§ 14.5-804. Standard for administration.
Universal Citation: MD Est & Trusts Code § 14.5-804 (2017)
- (a) Administration as prudent person. -- A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust.
- (b) Reasonable care, skill, and caution. -- In satisfying the standard described in subsection (a) of this section, the trustee shall exercise reasonable care, skill, and caution.
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