The trustee shall exercise reasonable care, skill, and caution in:(1) selecting an agent;(2) establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and(3) reviewing the agent's actions periodically in order to monitor the agent's performance and compliance with the terms of the delegation.(b) In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care.(c) By accepting the delegation of a trust function from the trustee of a trust that is subject to the law of Indiana, an agent submits to the jurisdiction of the courts of Indiana.As added by P.L.137-1999, SEC.3.
Indiana Legal Code