Title 18-B: TRUSTS

Part 1: MAINE UNIFORM TRUST CODE

Chapter 9: MAINE UNIFORM PRUDENT INVESTOR ACT

§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.   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

SECTION HISTORY

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF). RR 2011, c. 1, §22 (COR).