South Dakota § 55-5-6 Standards for investing and managing assets.

South Dakota Statutes

§ 55-5-6 — Standards for investing and managing assets.

South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-4 INVESTMENT AND MANAGEMENT POWERS OF FIDUCIARIES

The trustee shall invest and manage trust assets as a prudent investor would considering the purposes, terms, distribution requirements, and other circumstances of the trust. This standard requires the exercise of reasonable care, skill, and caution and shall be applied to investments not in isolation, but in the context of the trust portfolio as a whole and as a part of an overall investment strategy that should incorporate risk and return objectives reasonably suitable to the trust.

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The trustee shall invest and manage trust assets as a prudent investor would considering the purposes, terms, distribution requirements, and other circumstances of the trust. This standard requires the exercise of reasonable care, skill, and caution and shall be applied to investments not in isolation, but in the context of the trust portfolio as a whole and as a part of an overall investment strategy that should incorporate risk and return objectives reasonably suitable to the trust.

South Dakota § 55-5-6 (Standards for investing and managing assets.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.