North Dakota Statutes
§ 59-17-06 — Language invoking standard
The following terms or comparable language in the provisions of a trust, unless otherwise
limited or modified, authorizes any investment or strategy permitted under this chapter:
investments permissible by law for investment of trust funds, legal investments, authorized
investments, using the judgment and care under the circumstances then prevailing that persons
of prudence, discretion, and intelligence exercise in the management of their own affairs, not in
regard to speculation but in regard to the permanent disposition of their funds, considering the
probable income as well as the probable safety of their capital, prudent man rule, prudent
trustee rule, prudent person rule, and prudent investor rule.
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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 money