A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
2001 Ed., § 28-4703.
1981 Ed., § 28-4703.
Uniform Law: This section is based upon § 3 of the Uniform Prudent Investor Act.
Structure District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 13 - Uniform Trust Code
Subchapter IX - Uniform Prudent Investor Act
§ 19–1309.01. Prudent investor rule
§ 19–1309.02. Standard of care; portfolio strategy; risk and return objectives
§ 19–1309.04. Duties at inception of trusteeship