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 article.
Structure Mississippi Code
Chapter 9 - Trusts and Trustees
Article 13 - Uniform Prudent Investor Act
§ 91-9-601. Prudent investor rule
§ 91-9-603. Standard of care; portfolio strategy; risk and return
§ 91-9-607. Duties at inception of trusteeship
§ 91-9-615. Reviewing compliance
§ 91-9-617. Delegation of investment and management
§ 91-9-619. Language invoking standard of article
§ 91-9-621. Application to existing trusts