§ 901.
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/vt/901-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 901. 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. (Added 2009, No. 20, § 1.)