N.J.S.A. 3B:20-11.9

Rule expresses standard of conduct

3B:20-11.9 Rule expresses standard of conduct 9. The prudent investor rule expresses a standard of conduct, not outcome. Compliance with the rule is determined in light of the facts and circumstances existing at the time of the fiduciary's decision or action. L.1997,c.26,s.9.

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This is the verbatim text of N.J.S.A. 3B:20-11.9, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.