ORS 130.665: UTC 804. Prudent administration.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
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.348 §62]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors130.html