Section 5. 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, and the other circumstances of the trust, and with the requirements of this chapter.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 203c - Prudent Investment
Section 2 - Trustees Managing Trust Assets; Duty to Comply With Prudent Investor Rule
Section 3 - Investment and Management Decisions
Section 6 - Beneficiaries' Interests
Section 7 - Two or More Beneficiaries
Section 9 - Determination of Compliance With Prudent Investor Rule
Section 10 - Delegation of Investment and Management Functions