Sec. 45a-541j. Language invoking standards of act.
Sec. 45a-541j. Language invoking standards of act. The following terms or comparable language in a trust instrument, unless otherwise limited or modified by the
instrument, authorizes any investment or strategy permitted under sections 45a-541 to
45a-541l, inclusive: "Investments permissible by law for investment of trust funds",
"legal investments", "authorized investments", "using the judgment and care under the
circumstances then prevailing that persons of prudence, discretion, and intelligence
exercise in the management of their own affairs, not in regard to speculation but in
regard to the permanent disposition of their funds, considering the probable income as
well as the probable safety of their capital", "prudent man rule", "prudent trustee rule",
"prudent person rule", and "prudent investor rule".
(P.A. 97-140, S. 11.)