2005 Idaho Code - 68-501 — PRUDENT INVESTOR RULE
TITLE 68 TRUSTS AND FIDUCIARIES CHAPTER 5 UNIFORM PRUDENT INVESTOR ACT 68-501. PRUDENT INVESTOR RULE. (1) Except as otherwise provided in subsection (2) 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 set forth in this act. (2) The prudent investor rule, a default rule, may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.
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