In making and implementing investment decisions, the trustee has a duty to diversify the investments of the trust unless, under the circumstances, it is prudent not to do so.
Cal. Prob. Code § 16048
Uniform Prudent Investor Act
Known as the Uniform Prudent Investor Act
The act spans §§ 16045–16054 (10 sections).
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.