There is a newer version of the Code of Virginia
2006 Code of Virginia § 55-548.04 - Prudent administration.
55-548.04. Prudent administration.
A trustee shall administer the trust as a prudent person would, byconsidering the purposes, terms, distributional requirements, and othercircumstances of the trust. In satisfying this standard, the trustee shallexercise reasonable care, skill, and caution.
(2005, c. 935.)
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