633.4304  Duties at inception of trusteeship.

Within a reasonable time after accepting a trusteeship or receiving trust property, a trustee shall review the trust property and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this subpart.

Section History: Recent form

  99 Acts, ch 125, §64, 109

Footnotes

  Section effective July 1, 2000; 99 Acts, ch 125, §109


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