ARTICLE 2.5. Uniform Prudent Investor Act

Article 2.5 added by Stats. 1995, Ch. 63, Sec. 6.

§§ 16045–16054 · 10 sections

• § 16045 This article, together with subdivision (a) of Section 16002 and Section 16003, constitutes the prudent investor rule and may be cited as the Uniform Prudent…
• § 16046 (a) Except as provided in subdivision (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the…
• § 16047 (a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other…
• § 16048 In making and implementing investment decisions, the trustee has a duty to diversify the investments of the trust unless, under the circumstances, it is…
• § 16049 Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions…
• § 16050 In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment…
• § 16051 Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee’s decision or action and not…
• § 16052 (a) A trustee may delegate investment and management functions as prudent under the circumstances. The trustee shall exercise prudence in the following: (1)…
• § 16053 The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted…
• § 16054 This article applies to trusts existing on and created after its effective date. As applied to trusts existing on its effective date, this article governs only…