Maine § 18-B §901 Prudent investor rule

Maine Statutes

§ 18-B §901 — Prudent investor rule

Maine § 18-B §901

Title 18-BTRUSTS

Part 1MAINE UNIFORM TRUST CODE

Ch. 9MAINE UNIFORM PRUDENT INVESTOR ACT

This text of Maine § 18-B §901 (Prudent investor rule) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 18-B, § 18-B §901 (2026).

Text

1.Duty to comply. Except as otherwise provided in section 902, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter.

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

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1.
Duty to comply.
Except as otherwise provided in section 902, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter.
2.
Altered by provisions of trust.
The prudent investor rule may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.