§ 18-15-7. Investment costs.
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
History of Section.P.L. 1996, ch. 276, § 1.
Structure Rhode Island General Laws
Chapter 18-15 - Rhode Island Uniform Prudent Investor Act
Section 18-15-1. - Prudent investor rule.
Section 18-15-2. - Standard of care — Portfolio strategy — Risk and return objectives.
Section 18-15-3. - Diversification.
Section 18-15-4. - Duties at inception of trusteeship.
Section 18-15-6. - Impartiality.
Section 18-15-7. - Investment costs.
Section 18-15-8. - Reviewing compliance.
Section 18-15-9. - Delegation of investment and management functions.
Section 18-15-10. - Language invoking standard of chapter.
Section 18-15-11. - Application to existing trusts.
Section 18-15-12. - Uniformity of application and construction.