Maine Statutes
§ 30-A §5718 — Standard of prudence
Maine § 30-A §5718
This text of Maine § 30-A §5718 (Standard of prudence) 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. 30-A, § 30-A §5718 (2026).
Text
All investments made under this subchapter must be made with the judgment and care that persons of prudence, discretion and intelligence, under circumstances then prevailing, exercise in the management of their own affairs, not for speculation but for investment, considering:
1.Safety.
The safety of principal and preservation of capital in the overall portfolio;
2.Maintenance of liquidity.
Maintenance of sufficient liquidity to meet all operating and other cash requirements with which a fund is charged that are reasonably anticipated; and
3.Income.
The income to be derived throughout budgetary and economic cycles, taking into account prudent investment risk constraints and the cash-flow characteristics of the portfolio.
This standard must be applied to the overall investment portfolio o
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Legislative History
PL 1995, c. 206, §2 (NEW).
Nearby Sections
15
§ 30 §1001
County law enforcement administration§ 30 §1002
Aid required by officer; refusal§ 30 §1003
Officer to pay money collected§ 30 §1004
Arrest in other counties§ 30 §101
Board membership; chairman§ 30 §101-A
Municipal school budget§ 30 §102
Vacancies; expiration of term§ 30 §103
Other times§ 30 §105
Mode of electionCite This Page — Counsel Stack
Bluebook (online)
Maine § 30-A §5718, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/30-A%20%C2%A75718.