Restatement of the Law, Trusts (prudent Investor Rule): Council Draft, Issue 1Executive Office, American Law Institute, 1988 - Trusts and trustees |
Contents
Trustees Duty With Respect | 176 |
Specific Conflicts with Other Sections | 182 |
Principal and Income Accounting | 191 |
Copyright | |
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Common terms and phrases
American Law Institute applies appropriate asset-backed securities assets Bank beneficiaries bonds circumstances Comment e Comments conservatism consideration corporate course of action degree of risk delegation discussion draft duty of caution duty of impartiality ERISA exercise expected return fiduciary flexible Illustration impermissible income and principal income productivity index funds interest investing the funds investment authority investment decisions investment program investment provisions investment strategy involved judgment justified language legislation liable losses matters modern portfolio theory mortgages mutual funds needs normally objectives ordinarily overall particular investment particular trust permissible pooled investment prudent investor rule prudent-man rule purchasing power purposes question reasonable Reporter's Note requirement of diversification securities settlor shares skill and caution specific standard statute stocks techniques total return transaction costs Treasury securities trust accounting income trust estate trust investment law trust portfolio trust provision trust terms trustee's duty types of investments underproductive venture capital volatility York