Uniform Prudent Investor Act

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This is Article 9 of the Code of Virginia, titled “Uniform Prudent Investor Act.” It is part of Chapter 7 “Uniform Trust Code”, which is part of Subtitle III “Trusts”, which is part of Title 64.2 “Wills, Trusts, and Fiduciaries”.

It’s comprised of the following 12 sections.

§ 64.2-780	Definition of terms
§ 64.2-781	Prudent investor rule
§ 64.2-782	Standard of care; portfolio strategy; risk and return objectives
§ 64.2-783	Diversification by trustee
§ 64.2-784	Duties at inception of trusteeship
§ 64.2-785	Loyalty and impartiality
§ 64.2-786	Investment costs
§ 64.2-787	Reviewing compliance
§ 64.2-788	Delegation of investment and management functions
§ 64.2-789	Language invoking standard of article
§ 64.2-790	Application to existing trusts
§ 64.2-791	Uniformity of application and construction