Statute
Section 29 — Trusts Act 2019: General duty of care
Text of the provision Official document
29 General duty of care When administering a trust (other than when exercising a discretion to distribute trust property), a trustee must exercise the care and skill that is reasonable in the circumstances, having regard, in particular,— (a) to any special knowledge or experience that the trustee has or that the trustee holds out as having; and (b) if the person acts as a trustee in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.
Official source: legislation.govt.nz
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