Rhode Island § 18-15-1 § 18-15-1. Prudent investor rule.

Rhode Island Statutes

§ 18-15-1 — § 18-15-1. Prudent investor rule.

Rhode Island·Title 18 Fiduciaries·Ch. 18-15 Rhode Island Uniform Prudent Investor Act

§ 18-15-1. Prudent investor rule.
(a) Except as otherwise provided in subsection (b) of this section, 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 this chapter.
         
(b) 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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§ 18-15-1. Prudent investor rule.

(a) Except as otherwise provided in subsection (b) of this section, 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 this chapter.

(b) 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.

Rhode Island § 18-15-1 (§ 18-15-1. Prudent investor rule.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.