Unless otherwise limited or modified, the following terms or comparable language in the provisions of a trust authorize any investment or strategy permitted under ORS § 130.750 to 130.775: ‘investments permissible by law for investment of trust funds,’ ‘legal investments,’ ‘authorized investments,’ ‘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,’ ‘prudent man rule,’ ‘prudent trustee rule’ and ‘prudent investor rule.’ [2005 c.348 § 82]

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LIABILITY OF TRUSTEE AND RIGHTS OF PERSONS DEALING WITH TRUSTEE