The prudent investor rule imposes a standard of conduct, but does not contemplate a specific outcome or performance. 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.
Mo. Rev. Stat. § 469.908
Prudent investor rule, standard
Known as the Uniform Fiduciaries Law
The act spans §§ 469–469 (73 sections).
Effective: 28 Aug 2004; (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.