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2020 Oklahoma Statutes
Title 60. Property
§60-175.61. Prudent investor rule.
Universal Citation: 60 OK Stat § 60-175.61 (2020)
Prudent Investor Rule.
A. Except as otherwise provided in subsection B 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 the Oklahoma Uniform Prudent Investor Act.
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.
Added by Laws 1995, c. 351, § 2, eff. Nov. 1, 1995.
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