04. Duties at inception of trusteeship. Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets 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 subchapter. (Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.) Prior Codifications 2001 Ed., § 28-4704. 1981 Ed., § 28-4704. Editor's Notes Uniform Law: This section is based upon § 4 of the Uniform Prudent Investor Act.
District of Columbia Legal Code