Connecticut § 45a-204 (Formerly Sec. 45-89). Investments may be maintained as received.

Connecticut Statutes

§ 45a-204 — (Formerly Sec. 45-89). Investments may be maintained as received.

Connecticut § 45a-204

Title 45aProbate Courts and Procedure

Ch. 802Fiduciaries

This text of Connecticut § 45a-204 ((Formerly Sec. 45-89). Investments may be maintained as received.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 45a-204 (2026).

Text

Trust funds received by executors, trustees, guardians or conservators may be kept invested in the securities received by them, unless it is otherwise ordered by the Court of Probate or unless the instrument under which such trust was created directs that a change of investments shall be made, and the fiduciaries thereof shall not be liable for any loss that may occur by depreciation of such securities. See Sec. 45a-199 for definition of “fiduciary”.

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Trust funds received by executors, trustees, guardians or conservators may be kept invested in the securities received by them, unless it is otherwise ordered by the Court of Probate or unless the instrument under which such trust was created directs that a change of investments shall be made, and the fiduciaries thereof shall not be liable for any loss that may occur by depreciation of such securities. See Sec. 45a-199 for definition of “fiduciary”.

Legislative History

(1949 Rev., S. 6894; P.A. 80-476, S. 187.) History: P.A. 80-476 substituted “fiduciaries” for “trustees”; Sec. 45-89 transferred to Sec. 45a-204 in 1991. Annotations to former section 45-89: Cited. 67 C. 195; 122 C. 386. Reasonable prudence to prevent loss is required. 76 C. 564; 115 C. 26. Statute does not apply where will directs replacement of investments. 79 C. 559. Borrowing to close out testator's margin accounts and protect securities pledged by him, sustained. 117 C. 582. Reorganization involving exchange of stock for shares of new corporation held not such a change as to prevent trustees from holding the new shares. 118 C. 509. Cited. 149 C. 349. Cited. 22 CS 162.