§ 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

Terms Used In Rhode Island General Laws > Chapter 18-15 - Rhode Island Uniform Prudent Investor Act

  • 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.