[§554C-9]  Delegation of investment and
management functions.  (a)  A trustee may delegate investment and
management functions that a prudent trustee of comparable skills could properly
delegate under the circumstances.  The trustee shall exercise reasonable care,
skill, and caution in:



(1)  Selecting an agent;



(2)  Establishing the scope and terms of the
delegation, consistent with the purposes and terms of the trust; and



(3)  Periodically reviewing the agent's actions in
order to monitor the agent's performance and compliance with the terms of the
delegation.



(b)  In performing a delegated function, an
agent owes a duty to the trust to exercise reasonable care to comply with the
terms of the delegation.



(c)  A trustee who complies with the
requirements of subsection (a) is not liable to the beneficiaries or to the
trust for the decisions or actions of the agent to whom the function was
delegated.



(d)  By accepting the delegation of a trust
function from the trustee of a trust that is subject to the law of this State,
an agent submits to the jurisdiction of the courts of this State. [L 1997, c
26, pt of §1]