(a) Except as otherwise provided in subsection (b) of this section, 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.
(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust instrument. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust instrument.
Structure West Virginia Code
Chapter 44. Administration of Estates and Trusts
Article 6C. Uniform Prudent Investor Act
§44-6C-1. Prudent Investor Rule
§44-6C-2. Standard of Care; Portfolio Strategy; Risk and Return Objectives
§44-6C-4. Duties at Inception of Trusteeship
§44-6C-8. Reviewing Compliance
§44-6C-9. Delegation of Investment and Management Functions
§44-6C-10. Language Invoking Standard of Article
§44-6C-11. Application to Existing Trusts