3B:20-11.9 Rule expresses standard of conduct
36 words·~1 min read·
/nj/title-3b/chapter-20/3b-20-11-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9. The prudent investor rule expresses a standard of conduct, not outcome. Compliance with the rule is determined in light of the facts and circumstances existing at the time of the fiduciary's decision or action.
L.1997,c.26,s.9.