Sec. 4. 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 of the trust, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.
As added by P.L.137-1999, SEC.3. Amended by P.L.51-2014, SEC.24.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 3.5. Indiana Uniform Prudent Investor Act
30-4-3.5-1. Compliance With Prudent Investor Rule
30-4-3.5-2. Prudent Investor Rule
30-4-3.5-3. Diversification of Investments
30-4-3.5-4. Review of Trust Assets
30-4-3.5-5. Trust Managed in Interest of Beneficiaries
30-4-3.5-6. Impartial Management
30-4-3.5-8. Determination of Compliance With Prudent Investor Rule
30-4-3.5-9. Delegation of Functions by Trustee
30-4-3.5-10. Authorization of Investments or Strategies
30-4-3.5-11. Applicability of Chapter