Unless otherwise limited or modified, the following terms or comparable language in the provisions of a trust authorize any investment or strategy permitted under ORS 130.750 to 130.775: “investments permissible by law for investment of trust funds,” “legal investments,” “authorized investments,” “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,” “prudent man rule,” “prudent trustee rule” and “prudent investor rule.” [2005 c.348 §82]
Section: Previous 130.725 130.730 130.750 130.755 130.760 130.765 130.770 130.775 130.800 130.805 130.810 130.815 130.820 130.825 130.830 NextLast modified: August 7, 2008