Alabama Code 19-3B-905. Reviewing compliance
Current as of: 2024 | Check for updates
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Terms Used In Alabama Code 19-3B-905
- Trustee: A person or institution holding and administering property in trust.
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.