Massachusetts § 2 Trustees managing trust assets; duty to comply with prudent investor rule

Massachusetts Statutes

§ 2 — Trustees managing trust assets; duty to comply with prudent investor rule

Massachusetts § 2

Part IIREAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS

Title IIDESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS

Ch. 203CPRUDENT INVESTMENT

This text of Massachusetts § 2 (Trustees managing trust assets; duty to comply with prudent investor rule) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 203C, § 2 (2026).

Text

Section 2.

(a)Except as provided in subsection (b), a trustee who invests and manages trust assets shall owe a duty to the beneficiaries of a trust to comply with the prudent investor rule set forth in this chapter.

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

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Section 2. (a) Except as provided in subsection (b), a trustee who invests and manages trust assets shall owe a duty to the beneficiaries of a trust to comply with the prudent investor rule set forth in this chapter.(b) The prudent investor rule may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust. A trustee shall not be liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.

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Bluebook (online)

Massachusetts § 2, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/203C/2.