Except as otherwise provided in subsection (b), 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.
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.
Structure Mississippi Code
Chapter 9 - Trusts and Trustees
Article 13 - Uniform Prudent Investor Act
§ 91-9-601. Prudent investor rule
§ 91-9-603. Standard of care; portfolio strategy; risk and return
§ 91-9-607. Duties at inception of trusteeship
§ 91-9-615. Reviewing compliance
§ 91-9-617. Delegation of investment and management
§ 91-9-619. Language invoking standard of article
§ 91-9-621. Application to existing trusts