Hawaii Revised Statutes 554c. Uniform Prudent Investor Act

• 554c-1 Prudent Investor Rule.
  (a) Except as otherwise provided in subsection (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the...
• 554c-2 Standard of Care; Portfolio Strategy; Risk and Return Objectives.
  (a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances...
• 554c-3 Diversification.
  A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances or directives of the trust,...
• 554c-4 Duties At Inception of Trusteeship.
  Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions...
• 554c-5 Loyalty.
  A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries. [L 1997, c 26, pt of §1]
• 554c-6 Impartiality.
  If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any...
• 554c-7 Investment Costs.
  In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes...
• 554c-8 Reviewing Compliance.
  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...
• 554c-9 Delegation of Investment and Management Functions.
  (a) A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall...
• 554c-10 Language Invoking Standard of Chapter.
  The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under...
• 554c-11 Application to Existing Trusts.
  This chapter applies to trusts existing on and created after April 14, 1997. As applied to trusts existing on April 14, 1997, this chapter...
• 554c-12 Short Title.
  This chapter may be cited as the "Hawaii Uniform Prudent Investor Act". [L 1997, c 26, pt of §1]

Last modified: October 27, 2016