30(1)In the performance of a duty or the exercise of a power, whether the duty or power arises by operation of law or from the trust instrument, a trustee shall exercise the care, diligence and skill that a person of ordinary prudence would exercise in dealing with the property of another person.

30(2)If, because of a trustee’s profession, occupation or business, the trustee possesses or ought to possess a particular degree of care, diligence and skill that is relevant to the administration of the trust and is greater than that which a person of ordinary prudence would exercise in dealing with the property of another person, the trustee shall exercise that greater degree of care, diligence and skill.