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General Laws of Massachusetts - Chapter 203C Prudent Investment
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Massachusetts Laws > Prudent Investment > General Laws of Massachusetts - Chapter 203C Prudent Investment
- Massachusetts General Laws - Citation. - Chapter 203C, Section 1
This chapter shall be known as and may be cited as the Massachusetts Prudent Investor Act.
- Massachusetts General Laws - Trustees managing trust assets; duty to comply with prudent investor rule. - Chapter 203C, Section 2
(a) Except as provided in subsection (b), a trustee who invests and manages trust assets shall owe a duty to the beneficiaries of a trust...
- Massachusetts General Laws - Investment and management decisions. - Chapter 203C, Section 3
(a) A trustee shall invest and manage trust assets as a prudent investor would, considering the purposes, terms, and other circumstances of the trust, including...
- Massachusetts General Laws - Diversification. - Chapter 203C, Section 4
A trustee shall reasonably diversify the investments of the trust unless, under the circumstances, it is prudent not to do so.
- Massachusetts General Laws - Review of assets. - Chapter 203C, Section 5
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning...
- Massachusetts General Laws - Beneficiarie's interests. - Chapter 203C, Section 6
A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries.
- Massachusetts General Laws - Two or more beneficiaries. - Chapter 203C, Section 7
If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing...
- Massachusetts General Laws - Costs incurred. - Chapter 203C, Section 8
In investing and managing trust assets, a trustee shall incur only costs that are appropriate and reasonable in relation to the assets, the purpose of...
- Massachusetts General Laws - Determination of compliance with prudent investor rule. - Chapter 203C, Section 9
Compliance with the prudent investor rule shall be determined in light of the facts and circumstances existing at the time of a trustee’s decision or
- Massachusetts General Laws - Delegation of investment and management functions. - Chapter 203C, Section 10
(a) A trustee may delegate investment and management functions if it is prudent to do so. A trustee shall exercise reasonable care, skill and caution...
- Massachusetts General Laws - Trust provisions; terms. - Chapter 203C, Section 11
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorize any investment or strategy permitted under this...
Last modified: March 17, 2010
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