§ 1 Citation
§ 2 Trustees managing trust assets; duty to comply with prudent investor rule
§ 3 Investment and management decisions
§ 4 Diversification
§ 5 Review of assets
§ 6 Beneficiaries’ interests
§ 7 Two or more beneficiaries
§ 8 Costs incurred
§ 9 Determination of compliance with prudent investor rule
§ 10 Delegation of investment and management functions
§ 11 Trust provisions; terms
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Terms Used In Massachusetts General Laws > Chapter 203C - Prudent Investment

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Trustee: A person or institution holding and administering property in trust.