Hawaii Revised Statutes 554D-906 – Language invoking standard of part
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Terms Used In Hawaii Revised Statutes 554D-906
- 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 Hawaii Revised Statutes 554D-103
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this part: “authorized investments”; “investments permissible by law for investment of trust funds”; “legal investments”; “prudent investor rule”; “prudent man rule”; “prudent person rule”; “prudent trustee rule”; and “using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital”.