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.
N.C. Gen. Stat. § 36C-9-905
Reviewing compliance
Known as the North Carolina Uniform Prudent Investor Act
The act spans §§ 36–36 (8 sections).
1999-215, s. 1; 2005-192, s. 2.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.