Sec. 8. 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.
Ind. Code § 30-4-3.5-8
Determination of compliance with prudent investor rule
Known as the Indiana Uniform Prudent Investor Act
The act spans §§ 30-4-3.5-1 to 30-4-3.5-9 (13 sections).
As added by P.L.137-1999, SEC.3.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.