2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.4309 - LANGUAGE INVOKING PRUDENT INVESTOR RULE.

        633A.4309  LANGUAGE INVOKING PRUDENT INVESTOR RULE.
         The following terms or comparable language in the provisions of a
      trust, unless otherwise limited or modified, authorizes any
      investment or strategy permitted under this trust code:
         1.  Investments permissible by law for investment of trust funds.

         2.  Legal investments.
         3.  Authorized investments.
         4.  Using 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 capital.
         5.  Prudent man rule.
         6.  Prudent trustee rule.
         7.  Prudent person rule.
         8.  Prudent investor rule.  

         99 Acts, ch 125, §70, 109
         C2001, §633.4309
         2005 Acts, ch 38, §54
         CS2005, §633A.4309