55-5 INVESTMENT AND MANAGEMENT POWERS OF FIDUCIARIES
INVESTMENT AND MANAGEMENT POWERS OF FIDUCIARIES
55-5-1 to 55-5-5.
Standards for investing and managing assets.
Prudent investor rule.
Diversification of investments.
Review of assets upon acceptance of trusteeship--Basis for disposition or
retention of assets--Interest in closely held entity.
Investment strategy--Productivity judged by whole portfolio.
Circumstances considered in investment decisions.
Precedence of express provisions of trust instrument.
Court authority over trustee.
Applicability of chapter.
Delegation of responsibilities to others.
Duties of trustee with respect to life insurance--Notice to settlor.