4-10-804. Prudent administration.
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.
Structure Wyoming Statutes
Chapter 10 - Uniform Trust Code
Article 8 - Duties and Powers of Trustee
Section 4-10-801 - Duty to Administer Trust.
Section 4-10-802 - Duty of Loyalty.
Section 4-10-803 - Impartiality.
Section 4-10-804 - Prudent Administration.
Section 4-10-805 - Costs of Administration.
Section 4-10-806 - Trustee's Skills.
Section 4-10-807 - Delegation by Trustee.
Section 4-10-808 - Powers to Direct.
Section 4-10-809 - Control and Protection of Trust Property.
Section 4-10-810 - Record Keeping and Identification of Trust Property.
Section 4-10-811 - Enforcement and Defense of Claims.
Section 4-10-812 - Collecting Trust Property.
Section 4-10-813 - Duty to Inform and Report.
Section 4-10-814 - Discretionary Powers; Tax Savings; Distribution Limitations.
Section 4-10-815 - General Powers of Trustee.