D.C. Code § 19-1309.06

Language invoking standard of subchapter.

Last amended: 2004Year: 2026Length: 106 wordsOfficial source
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 this subchapter: ā€œinvestments permissible by law for investment of trust fundsā€, ā€œlegal investmentsā€, ā€œauthorized investmentsā€, ā€œusing 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 capitalā€, ā€œprudent man ruleā€, ā€œprudent trustee ruleā€, ā€œprudent person ruleā€, and ā€œprudent investor ruleā€.
D.C. Code § 19-1309.06: Language invoking standard of subchapter. | Justis AI