(1) 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.
(2) This section does not require a specific outcome in investing.
Reviewing compliance
Renumbered and Amended by Chapter 310, 2025 General Session
(1) 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.
(2) This section does not require a specific outcome in investing.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.