This article, together with subdivision (a) of Section 16002 and Section 16003, constitutes the prudent investor rule and may be cited as the Uniform Prudent Investor Act.
Cal. Prob. Code § 16045
Uniform Prudent Investor Act
Known as the Uniform Prudent Investor Act
The act spans §§ 16045–16054 (10 sections).
Applied in 2 court decisions — leading case 166 Cal. App. 4th 1562 - Gridley v. Gridley (2008)
Most recently applied in 8 Cal. App. 5th 1184 - O'Neal v. Stanislaus County Employees' Retirement Assn. (February 2017)
Added by Stats. 1995, Ch. 63, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.