§ 18-15-10 Language invoking standard of
chapter. –
The following terms or comparable language in the provisions of a trust, unless
otherwise limited or modified, authorize any investment or strategy permitted
under this chapter: "investments permissible by law for investment of trust
funds," "legal investments," "authorized investments," "using the judgment and
care under the circumstances then prevailing that persons of prudence,
discretion, and intelligence exercise in the management of their own affairs,
not in regard to speculation but in regard to the permanent disposition of
their funds, considering the probable income as well as the probable safety of
their capital," "prudent man rule," "prudent trustee rule," "prudent person
rule," and "prudent investor rule."
(P.L. 1996, ch. 276, § 1.)