Although the Prudent Investor Rule project constituted only a partial revision of the Second Restatement of Trusts, it was intended to comprehensively reformulate, in the context of modern portfolio theory and contemporary investment practices and techniques, the traditional rules governing the trustee’s duty to invest and manage the assets of the trust with prudence. In 2007 this volume was updated and incorporated into Volume 3 of Restatement Third of Trusts.
Volume 3 covers trustee powers and duties and includes an updated version of the Prudent Investor Rule volume published in 1992.
Get More Details | Back to Top
Includes the general standard of prudent investment (§ 227), investment provisions of trust or statute (§ 228), and duty with respect to original investments (§ 229), as well as revisions to other sections of the Second Restatement of Trusts affecting or affected by the prudent investor rule.
Get More Details | Back to Top
§ 227. General Standard of Prudent Investment; § 228. Investment Provisions of Trust or Statute; § 229. Duty with Respect to Original Investments. Revisions to §§ 170, 171, 181, 183, 184, 187, 190, 191, 205, 208, 209, 210, 211, 213, 232, 239, 240, 241, 379, and 389