D.C. Code § 19-1309.01

Prudent investor rule.

Last amended: 2004Year: 2026Length: 88 wordsOfficial source
(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 19-1309.02 through 19-1309.09. (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.
D.C. Code § 19-1309.01: Prudent investor rule. | Justis AI