North Dakota § 59-17-01 Prudent investor rule

North Dakota Statutes

§ 59-17-01 — Prudent investor rule

North Dakota·Title 59 Trusts, Uses, and Powers·Ch. 59-17 Prudent Investor Standards

1.Except as otherwise provided in subsection 2, 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 sections 59-16-02, 59-16-03, 59-16-05, 59-16-06, and 59-16-07 and in this chapter.

2.The prudent investor rule, a default 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.

Free access — add to your briefcase to read the full text and ask questions with AI

1. Except as otherwise provided in subsection 2, 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 sections 59-16-02, 59-16-03, 59-16-05, 59-16-06, and
59-16-07 and in this chapter.
2. The prudent investor rule, a default 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.

North Dakota § 59-17-01 (Prudent investor rule) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.