There is a newer version of the Maine Revised Statutes
2013 Maine Revised Statutes
TITLE 18-B: TRUSTS
Chapter 9: MAINE UNIFORM PRUDENT INVESTOR ACT
18-B §905. Reviewing compliance
ME Rev Stat § 905 (2013 through 126th 1st Sp Sess) What's This?
Part 1: MAINE UNIFORM TRUST CODE HEADING: PL 2003, C. 618, PT. A, §1 (NEW); §2 (AFF) EFFECTIVE 7/1/05
905. Reviewing compliance
Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee's decision or action and not by hindsight. [2003, c. 618, Pt. A, 1 (NEW); 2003, c. 618, Pt. A, 2 (AFF).]
SECTION HISTORY
2003, c. 618, A1 (NEW). 2003, c. 618, A2 (AFF). RR 2011, c. 1, 22 (COR).
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