Mississippi Code
Article 13 - Uniform Prudent Investor Act
§ 91-9-603. Standard of care; portfolio strategy; risk and return

A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
A trustee's investment and management decisions respecting individual assets must be evaluated not in isolation but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the trust.
Among circumstances that a trustee shall consider in investing and managing trust assets are such of the following as are relevant to the trust or its beneficiaries:
A trustee shall make a reasonable effort to verify facts relevant to the investment and management of trust assets.
A trustee may invest in any kind of property or type of investment consistent with the standards of this article.
A trustee who has special skills or expertise, or is named trustee in reliance upon the trustee's representation that the trustee has special skills or expertise, has a duty to use those special skills or expertise.

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