Except as may be otherwise provided in section 8-318, or otherwise provided by law or by the instrument creating the fiduciary relationship involved, each and every trustee, guardian, conservator, executor, or administrator, whether appointed by the courts of this state, or acting under authority other than a court appointment, having funds for investment shall comply with the prudent investor rule set forth in sections 30-3883 to 30-3889.

Source

  • Laws 1933, c. 64, § 1, p. 299;
  • Laws 1935, c. 68, § 1, p. 245;
  • Laws 1937, c. 60, § 1, p. 237;
  • C.S.Supp.,1941, § 27-601;
  • Laws 1943, c. 66, § 1, p. 242;
  • R.S.1943, § 24-601;
  • Laws 1945, c. 56, § 1, p. 243;
  • Laws 1947, c. 79, § 1, p. 248;
  • Laws 1953, c. 67, § 2, p. 213;
  • Laws 1955, c. 82, § 1, p. 238;
  • Laws 1959, c. 263, § 9, p. 931;
  • Laws 1963, c. 134, § 1, p. 505;
  • Laws 1965, c. 113, § 1, p. 438;
  • Laws 1975, LB 481, § 8;
  • R.S.1943, (1985), § 24-601;
  • Laws 1997, LB 54, § 18;
  • Laws 2003, LB 130, § 134.
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Terms Used In Nebraska Statutes 30-3201

  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
  • Trustee: A person or institution holding and administering property in trust.
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