Rule expresses standard of conduct

  1. Law
  2. New Jersey Revised Statutes
  3. Administration of Estates--Decedents and Others
  4. Rule expresses standard of conduct

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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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