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.
Ala. Code § 19-3B-905
Reviewing Compliance.
Known as the Alabama Uniform Trust Code
The act spans §§ 19–19 (108 sections).
(Act 2006-216, p. 314, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.