RCW 48.90.090 Standard of Care In Fund Management-Fiduciary

LibraryWashington Statutes
Edition2023
CurrencyCurrent through the 2023 1st Special Session
Year2023
CitationRCW 48.90.090

In managing the assets of the contributing trust fund, the association shall exercise the reasonable judgment and care that ordinary persons of prudence, intelligence, and discretion exercise in the sound management of their affairs, not in regard to speculation but in regard to preservation of their funds with maximum return, given the information reasonably available. The association may delegate this duty to...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT