72-38-904. Review of assets -- time for compliance. 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 part.
History: En. Sec. 115, Ch. 264, L. 2013.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 38. Montana Uniform Trust Code
Part 9. Uniform Prudent Investor Act
72-38-901. Prudent investor rule
72-38-902. Standard of care -- investments and management -- considerations
72-38-903. Diversification -- duty of trustee -- exception
72-38-904. Review of assets -- time for compliance
72-38-905. Compliance determinations -- standards
72-38-906. Interpretation of trust terms construing legal investments