117.003 – PRUDENT INVESTOR RULE. (a) Except as otherwise
Texas Property Code § 117.003
Summary
This law establishes the prudent investor rule for trustees managing trust assets, requiring them to act in the best interest of beneficiaries. It allows for modifications to the rule based on the trust's provisions, providing flexibility in investment strategies.
Trustees must follow the prudent investor rule for managing trust assets.
The rule can be modified by the trust's specific provisions.
Trustees are not liable if they reasonably rely on the rule.
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In simple terms: Learn about Texas's PRUDENT INVESTOR RULE. (a) Except as otherwise law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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