117.004 – STANDARD OF CARE; PORTFOLIO STRATEGY; RISK AND
Texas Property Code § 117.004
Summary
This law establishes the standard of care for trustees managing trust assets, requiring them to act as prudent investors. It emphasizes the need to consider the trust's purposes and distribution requirements when making investment decisions.
Trustees must act as prudent investors in managing trust assets.
Investment decisions should consider the trust's specific circumstances.
Trustees must exercise reasonable care, skill, and caution.
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In simple terms: Learn about Texas's STANDARD OF CARE; PORTFOLIO STRATEGY; RISK AND law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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