§ 59-17-01 Prudent investor rule
§ 59-17-02 Standard of care – Portfolio strategy – Risk and return objectives
§ 59-17-03 Diversification
§ 59-17-04 Duties at inception of trusteeship
§ 59-17-05 Reviewing compliance
§ 59-17-06 Language invoking standard
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Terms Used In North Dakota Code > Chapter 59-17 - Prudent Investor Standards

  • 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
  • following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
  • Individual: means a human being. See North Dakota Code 1-01-49
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Property: includes property, real and personal. See North Dakota Code 1-01-49
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Rule: includes regulation. See North Dakota Code 1-01-49
  • Trustee: A person or institution holding and administering property in trust.