There is a newer version of the Code of Virginia
2011 Code of Virginia
Title 55 PROPERTY AND CONVEYANCES.
Chapter 31 Uniform Trust Code (55-541.01 thru 55-551.06)
55-548.04 Prudent administration.
VA Code § 55-548.04 (2001 through Reg Session) What's This?
55-548.04. Prudent administration.
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
(2005, c. 935.)
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