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 § 18-15-1

Title 18Fiduciaries

Ch. 18-15Rhode Island Uniform Prudent Investor Act

This text of Rhode Island § 18-15-1 (§ 18-15-1. Prudent investor rule.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 18-15-1 (2026).

Text

§ 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.