§ 72-38-901 Prudent investor rule
§ 72-38-902 Standard of care — investments and management — considerations
§ 72-38-903 Diversification — duty of trustee — exception
§ 72-38-904 Review of assets — time for compliance
§ 72-38-905 Compliance determinations — standards
§ 72-38-906 Interpretation of trust terms construing legal investments
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Terms Used In Montana Code > Title 72 > Chapter 38 > Part 9 - Uniform Prudent Investor Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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 Montana Code 72-38-103
  • Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest therein. See Montana Code 72-38-103
  • Settlor: means a person, including a testator, who creates or contributes property to a trust. See Montana Code 72-38-103
  • Trust instrument: means an instrument executed by the settlor that contains terms of the trust, including any amendments thereto. See Montana Code 72-38-103
  • Trustee: A person or institution holding and administering property in trust.
  • Trustee: includes an original, additional, and successor trustee and a cotrustee. See Montana Code 72-38-103