2006 South Dakota Code - 55-5-7 — Prudent investor rule.

     55-5-7.   Prudent investor rule. No specific investment or course of action is, taken alone, prudent or imprudent. The trustee may invest in every kind of property and type of investment, subject to this chapter. The trustee's investment decisions and actions shall be judged in terms of the trustee's reasonable business judgment regarding the anticipated effect on the trust portfolio as a whole under the facts and circumstances prevailing at the time of the decision or action. The prudent investor rule is a test of conduct and not of resulting performance.

Source: SL 1995, ch 271, § 7.