Question

The duty to dispose of improper investments requires that a fiduciary dispose of improper assets within:

a. 30 days of the last account review.
b. a reasonable timeframe.
c. a year of their acquisition date.
d. 90 days of when they are determined to be improper.

Answer 1

The duty to dispose of improper investments requires that a fiduciary dispose of improper assets within a reasonable timeframe. So, the correct answer is option b.

Step-by-step explanation:

The duty to dispose of improper investments requires that a fiduciary dispose of improper assets within a reasonable timeframe. This means that there is no specific time limit such as 30 days, a year, or 90 days. The exact timeline for disposing of improper assets would depend on factors such as the nature of the investment, market conditions, and the fiduciary's responsibilities.

So, the correct answer is option b.