Title 75B
Chapter 2
Part 9
Section 901
| Index | Utah Code |
| Title 75B | Trusts |
| Chapter 2 | Uniform Trust Code |
| Part 9 | Uniform Prudent Investor Act |
| Section 901 | Prudent investor rule.
(Effective 5/7/2025)
|
Effective 5/7/2025
75B-2-901.
Prudent investor rule.
| (1) |
| (a) | Except as otherwise provided in Subsection (2), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule described in this chapter. |
| (b) | If a trustee is named on the basis of a trustee's representations of special skills or expertise, the trustee has a duty to use those special skills or expertise. |
|
| (2) |
| (a) | The prudent investor rule is a default rule and may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. |
| (b) | A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust. |
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Renumbered and Amended by Chapter
310, 2025 General Session