72-38-901. Prudent investor rule. (1) Except as provided in subsection (2), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule.
(2) The settlor may expand or restrict the prudent investor rule by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee's good faith reliance on these express provisions.
History: En. Sec. 112, Ch. 264, L. 2013.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 38. Montana Uniform Trust Code
Part 9. Uniform Prudent Investor Act
72-38-901. Prudent investor rule
72-38-902. Standard of care -- investments and management -- considerations
72-38-903. Diversification -- duty of trustee -- exception
72-38-904. Review of assets -- time for compliance
72-38-905. Compliance determinations -- standards
72-38-906. Interpretation of trust terms construing legal investments