14-10906. Prudent investor rule; language to invoke standard
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this article:
1. Investments permissible by law for investment of trust funds.
2. Legal investments.
3. Authorized investments.
4. Using the judgment and care under the circumstances then prevailing that persons of prudence, discretion and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital.
5. Prudent man rule.
6. Prudent trustee rule.
7. Prudent person rule.
8. Prudent investor rule.
Section: Previous 14-10819 14-10820 14-10901 14-10902 14-10903 14-10904 14-10905 14-10906 14-10907 14-10908 14-10909 14-11001 14-11002 14-11003 14-11004 NextLast modified: October 13, 2016