California Probate Code ARTICLE 2.5 - Uniform Prudent Investor Act
- Section 16045.
This article, together with subdivision (a) of Section 16002 and Section 16003, constitutes the prudent investor rule and may be cited as the Uniform Prudent...
- Section 16046.
(a) Except as provided in subdivision (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply...
- Section 16047.
(a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the...
- Section 16048.
In making and implementing investment decisions, the trustee has a duty to diversify the investments of the trust unless, under the circumstances, it is prudent...
- Section 16049.
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...
- Section 16050.
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment strategy,...
- Section 16051.
Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee’s decision or action...
- Section 16052.
(a) A trustee may delegate investment and management functions as prudent under the circumstances. The trustee shall exercise prudence in the following:(1) Selecting an agent.(2) Establishing the scope...
- Section 16053.
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...
- Section 16054.
This article applies to trusts existing on and created after its effective date. As applied to trusts existing on its effective date, this article governs...
Last modified: October 22, 2018