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.
R.I. Gen. Laws § 18-15-8
Reviewing compliance
Known as the Rhode Island Uniform Prudent Investor Act
The act spans §§ 18–18 (13 sections).
P.L. 1996, ch. 276, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.