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 subchapter:
(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"; and
(8) "Prudent investor rule".
Section: Previous 24-2-606 24-2-607 24-2-608 24-2-609 24-2-610 24-2-611 24-2-612 24-2-613 24-2-614 24-2-615 24-2-616 24-2-617 24-2-618 24-2-619Last modified: November 15, 2016