Section 18-15-3. – Diversification.
§ 18-15-3. Diversification. A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying. History of Section.P.L. 1996, ch. 276, § 1.
Section 18-15-4. – Duties at inception of trusteeship.
§ 18-15-4. Duties at inception of trusteeship. 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 […]
Section 18-15-5. – Loyalty.
§ 18-15-5. Loyalty. A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries. History of Section.P.L. 1996, ch. 276, § 1.