2016 Idaho Statutes
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 5 - UNIFORM PRUDENT INVESTOR ACT
Section 68-501 - PRUDENT INVESTOR RULE.

ID Code § 68-501 (2016) What's This?

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.

History:
[68-501, added 1997, ch. 14, sec. 2, p. 15.]

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