District of Columbia § 19-1309.01 Prudent investor rule.

District of Columbia Statutes

§ 19-1309.01 — Prudent investor rule.

District of Columbia § 19-1309.01

Title 19Descent, Distribution, and Trusts. [Enacted title]

Ch. 13Uniform Trust Code.

Subch. IXUniform Prudent Investor Act.

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Bluebook

D.C. Code § 19-1309.01 (2026).

Text

(a)Except as provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in sections 19-1309.02 through 19-1309.09.

(b)The prudent investor rule is a default rule that may be expanded, restricted, eliminated, or otherwise altered by provisions of the trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on provisions of the trust.

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(a) Except as provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in sections 19-1309.02 through 19-1309.09.

(b) The prudent investor rule is a default rule that may be expanded, restricted, eliminated, or otherwise altered by provisions of the trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on provisions of the trust.