Sec. 45a-541a. Prudent investor rule.
Sec. 45a-541a. Prudent investor rule. (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-541l, 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.
(P.A. 97-140, S. 2.)