Sec. 45a-541a. Prudent investor rule.
91 words·~1 min read·
/ct/title-45a/chapter-802c-trusts/45a-541aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Except as 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, as set forth in sections 45a-541 to 45a-541 l , inclusive.
(b)The prudent investor rule is a default rule that may be expanded, restricted, eliminated or otherwise altered by provisions of the trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on provisions of the trust.