Alabama Code (Last Updated: November 28, 2014)

§19-3B-905. Reviewing compliance.

Latest version.

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. The prudent investor rule does not guarantee a specific outcome or performance, but is a standard of conduct.

(Act 2006-216, p. 314, §1.)

                    
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