There Is a Newer Version
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the Vermont Statutes
2011 Vermont Code
Title 14A Trusts
Chapter 9 UNIFORM PRUDENT INVESTOR ACT AND UNITRUSTS
§ 901 Prudent investor rule
Universal Citation:
14A VT Stats § 901. (2011 through Adj Sess)
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§ 901. 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 this chapter.
(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 2009, No. 20, § 1.)
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