§905. Reviewing compliance
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 and not by hindsight. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF). RR 2011, c. 1, §22 (COR).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 9: MAINE UNIFORM PRUDENT INVESTOR ACT
18-B §901. Prudent investor rule
18-B §902. Standard of care; portfolio strategy; risk and return objectives
18-B §904. Duties at inception of trusteeship
18-B §905. Reviewing compliance
18-B §906. Language invoking standard of chapter