§ 14-10901 Prudent investor rule
§ 14-10902 Standard of care; portfolio strategy; risk and return objectives
§ 14-10903 Diversification
§ 14-10904 Duties at inception of trusteeship
§ 14-10905 Reviewing compliance
§ 14-10906 Prudent investor rule; language to invoke standard
§ 14-10907 Delegation of investment and management functions; duties; limitations
§ 14-10908 Life insurance on settlor; liability of trustee
§ 14-10909 Application to existing trusts
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Terms Used In Arizona Laws > Title 14 > Chapter 11 > Article 9 - Prudent Investor Rule

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Agent: includes an attorney-in-fact under a durable or nondurable power of attorney, a person who is authorized to make decisions concerning another person's health care and a person who is authorized to make decisions for another person under a natural death act. See Arizona Laws 14-1201
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Court: means the superior court. See Arizona Laws 14-1201
  • Fiduciary: A trustee, executor, or administrator.
  • Fiduciary: includes a personal representative, guardian, conservator and trustee. See Arizona Laws 14-1201
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency or instrumentality, public corporation or any other legal or commercial entity. See Arizona Laws 14-10103
  • Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest in anything that may be the subject of ownership. See Arizona Laws 14-10103
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlor: means a person, including a testator, who creates or contributes property to a trust. See Arizona Laws 14-10103
  • State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. See Arizona Laws 14-10103
  • Trust: includes an express trust, private or charitable, with any additions, wherever and however created. See Arizona Laws 14-1201
  • Trustee: A person or institution holding and administering property in trust.
  • Trustee: includes an original, additional and successor trustee and a cotrustee. See Arizona Laws 14-10103
  • Venue: The geographical location in which a case is tried.