North Dakota Statutes
§ 59-17-01 — Prudent investor rule
North Dakota § 59-17-01
This text of North Dakota § 59-17-01 (Prudent investor rule) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 59-17-01 (2026).
Text
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.
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Nearby Sections
15
§ 59-04.2-01
(102) Definitions§ 59-04.2-02
(103) Fiduciary duties - General principles§ 59-04.2-03
(104) Trustee's power to adjust§ 59-04.2-03.1
Judicial control of discretionary power§ 59-04.2-06
(301) When right to income begins and ends§ 59-04.2-07
(302) Apportionment of receipts and disbursements when decedent dies or income interest begins§ 59-04.2-08
(303) Apportionment when income interest ends§ 59-04.2-09
(401) Character of receipts§ 59-04.2-10
(402) Distribution from trust or estate§ 59-04.2-12
(404) Principal receipts§ 59-04.2-13
(405) Rental property§ 59-04.2-14
(406) Obligation to pay moneyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 59-17-01, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/59-17-01.