Section 19-3B-905 Reviewing compliance. - Alabama Statutes

Section 19-3B-905

Reviewing compliance.

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. The prudent investor rule does not guarantee a specific outcome or performance, but is a standard of conduct.

(Act 2006-216, p. 314, §1.)