2020 West Virginia Code
Chapter 44. Administration of Estates and Trusts
Article 6C. Uniform Prudent Investor Act
§44-6C-1. Prudent Investor Rule

Universal Citation: WV Code § 44-6C-1 (2020)

(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 article.

(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust instrument. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust instrument.

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