469.908. Prudent investor rule, standard.
Prudent investor rule, standard.
469.908. The prudent investor rule imposes a standard of conduct, butdoes not contemplate a specific outcome or performance. Compliance withthe prudent investor rule is determined in light of the facts andcircumstances existing at the time of a trustee's decision or action andnot by hindsight.
(L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)*Transferred 2004; formerly 456.908