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