15-7-302. TRUSTEE’S STANDARD OF CARE AND PERFORMANCE. Except as otherwise provided by the terms of the trust, the trustee shall observe the standards in dealing with the trust assets that would be observed by a prudent man dealing with the property of another, and if the trustee has special skills or is named trustee on the basis of representations of special skills or expertise, he is under a duty to use those skills.
History:
[I.C., sec. 15-7-302, as added by 1971, ch. 111, sec. 1, p. 233.]
Structure Idaho Code
Title 15 - UNIFORM PROBATE CODE
Chapter 7 - TRUST ADMINISTRATION
Part 3 - DUTIES AND LIABILITIES OF TRUSTEES
Section 15-7-301 - GENERAL DUTIES NOT LIMITED.
Section 15-7-302 - TRUSTEE’S STANDARD OF CARE AND PERFORMANCE.
Section 15-7-303 - DUTY TO INFORM AND ACCOUNT TO BENEFICIARIES.
Section 15-7-304 - DUTY TO PROVIDE BOND.
Section 15-7-305 - TRUSTEE’S DUTIES — APPROPRIATE PLACE OF ADMINISTRATION — DEVIATION.
Section 15-7-306 - PERSONAL LIABILITY OF TRUSTEE TO THIRD PARTIES.
Section 15-7-307 - LIMITATIONS ON PROCEEDINGS AGAINST TRUSTEES AFTER FINAL ACCOUNT.