Maine § 18-B §902 Standard of care; portfolio strategy; risk and return objectives

Maine Statutes

§ 18-B §902 — Standard of care; portfolio strategy; risk and return objectives

Maine § 18-B §902

Title 18-BTRUSTS

Part 1MAINE UNIFORM TRUST CODE

Ch. 9MAINE UNIFORM PRUDENT INVESTOR ACT

This text of Maine § 18-B §902 (Standard of care; portfolio strategy; risk and return objectives) 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 §902 (2026).

Text

1.Consideration of purposes, terms, distribution requirements and other circumstances. A trustee shall invest and manage trust assets, as a prudent investor would, by considering the purposes, terms, distribution requirements and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.

2.Overall investment strategy. A trustee's investment and management decisions respecting individual assets must be evaluated not in isolation but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the trust.

3.Relevant circumstances to consider. Among circumstances that a trustee shall consider in investing and managing trust assets are

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1.
Consideration of purposes, terms, distribution requirements and other circumstances.
A trustee shall invest and manage trust assets, as a prudent investor would, by considering the purposes, terms, distribution requirements and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.
2.
Overall investment strategy.
A trustee's investment and management decisions respecting individual assets must be evaluated not in isolation but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the trust.
3.
Relevant circumstances to consider.
Among circumstances that a trustee shall consider in investing and managing trust assets are all of the following that are relevant to the trust or its beneficiaries:
4.
Reasonable effort to verify facts.
A trustee shall make a reasonable effort to verify facts relevant to the investment and management of trust assets.
5.
Kind of property; type of investment.
A trustee may invest in any kind of property or type of investment consistent with the standards of this chapter.