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Mississippi Code 1972 (2023)
Title 91 - TRUSTS AND ESTATES (§§ 91-1-NEW — 91-31-25)
Chapter 9 - TRUSTS AND TRUSTEES (§§ 91-9-1 — 91-9-723)
Article 13 - UNIFORM PRUDENT INVESTOR ACT (§§ 91-9-601 — 91-9-627)
Section 91-9-601 - Prudent investor rule
Universal Citation:
MS Code § 91-9-601 (2023)
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- (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 article.
- (b) 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.
Laws, 2006, ch. 474, § 1, eff. 7/1/2006.
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