Rhode Island General Laws > Chapter 18-15 – Rhode Island Uniform Prudent Investor Act


§ 18-15-1	Prudent investor rule
§ 18-15-2	Standard of care – Portfolio strategy – Risk and return objectives
§ 18-15-3	Diversification
§ 18-15-4	Duties at inception of trusteeship
§ 18-15-5	Loyalty
§ 18-15-6	Impartiality
§ 18-15-7	Investment costs
§ 18-15-8	Reviewing compliance
§ 18-15-9	Delegation of investment and management functions
§ 18-15-10	Language invoking standard of chapter
§ 18-15-11	Application to existing trusts
§ 18-15-12	Uniformity of application and construction
§ 18-15-13	Short title

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

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.
person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
Personal property: All property that is not real property.
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Trustee: A person or institution holding and administering property in trust.