PART IX.  UNIFORM PRUDENT INVESTOR ACT

     [§554D‑901]  Prudent investor rule.  (a)  Except as otherwise provided in subsection (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this part.

     (b)  The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust.  A trustee shall not be liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust. [L 2021, c 32, pt of §2]