Rule. The fundamental principle for professional money management, stated by Judge Samuel Putnum in 1830: "Those with responsibility to invest money for others should act with prudence, discretion, intelligence, and regard for the safety of capital as well as income." Some states which don't have specific legal lists require fiduciaries to uphold the Prudent Investor Act. also called prudent man rule.
Related information about Prudent Investor Act:
- Uniform Prudent Investor Act - Wikipedia, the free encyclopedia
The Uniform Prudent Investor Act (UPIA), which was adopted in 1992 by the American Law Institute's Third Restatement of the Law of Trusts ("Restatement of ...
- Prudent Investor Act Definition | Investopedia
A U.S. law that sets the standard of fiduciary duty for those entrusted with the responsibility of managing others' money, such as trustees and estate ...
- 11-2.3 - New York State Library
11-2.3 Prudent investor act (a) Prudent investor rule. A trustee has a duty to invest and manage property held in a fiduciary capacity in accordance with the ...
- The Prudent Investor Act A Guide to Understanding
The Prudent Investor Act describes and explains the requirements of modern fiduciary investing, which center on the conduct of a wide variety of fiduciaries - not ...
- CA Codes (prob:16045-16054)
... together with subdivision (a) of Section 16002 and Section 16003, constitutes the prudent investor rule and may be cited as the Uniform Prudent Investor Act.
- UNIFORM PRUDENT INVESTOR ACT - Index Funds Advisors
Uniform State Laws in preparing the Uniform Prudent Investor Act was as follows: .... Uniform Prudent Investor Act reflect, the Act draws upon the Illinois statute in ...
- Prudent Investor Rule
The Uniform Prudent Investor Act has been passed as law, with various modifications, in most states. An example of this law, with modifications, is the Michigan ...
- Chapter 5809: OHIO UNIFORM PRUDENT INVESTOR ACT
(A)(1) As used in the Revised Code, the “Ohio Uniform Prudent Investor Act” means sections 5809.01 to 5809.08, 5808.03, 5808.05, and 5808.06, division (A) of ...