68-504. 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 act.
History:
[68-504, added 1997, ch. 14, sec. 2, p. 16.]
Structure Idaho Code
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 5 - UNIFORM PRUDENT INVESTOR ACT
Section 68-501 - PRUDENT INVESTOR RULE.
Section 68-502 - STANDARD OF CARE — PORTFOLIO STRATEGY — RISK AND RETURN OBJECTIVES.
Section 68-503 - DIVERSIFICATION.
Section 68-504 - DUTIES AT INCEPTION OF TRUSTEESHIP.
Section 68-506 - IMPARTIALITY.
Section 68-507 - INVESTMENT COSTS.
Section 68-508 - REVIEWING COMPLIANCE.
Section 68-509 - DELEGATION OF INVESTMENT AND MANAGEMENT FUNCTIONS.
Section 68-510 - LANGUAGE INVOKING STANDARD OF ACT.
Section 68-511 - APPLICATION TO EXISTING TRUSTS.
Section 68-512 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.