The prudent investor rule expresses a standard of conduct, not a particular outcome. Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee’s decision or action.
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
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