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§ 501c-0804 — Minnesota Law | CourtGPT
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Minnesota Legal Code

§ 501c-0804

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501C.0804 PRUDENT ADMINISTRATION. A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, and distribution requirements of the trust and all relevant circumstances. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. History: 2015 c 5 art 8 s 4