§ 18-15-8. 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.
History of Section.P.L. 1996, ch. 276, § 1.
Structure Rhode Island General Laws
Chapter 18-15 - Rhode Island Uniform Prudent Investor Act
Section 18-15-1. - Prudent investor rule.
Section 18-15-2. - Standard of care — Portfolio strategy — Risk and return objectives.
Section 18-15-3. - Diversification.
Section 18-15-4. - Duties at inception of trusteeship.
Section 18-15-6. - Impartiality.
Section 18-15-7. - Investment costs.
Section 18-15-8. - Reviewing compliance.
Section 18-15-9. - Delegation of investment and management functions.
Section 18-15-10. - Language invoking standard of chapter.
Section 18-15-11. - Application to existing trusts.
Section 18-15-12. - Uniformity of application and construction.