GO TO PASTERNAKFIDIS.COM
DC Metro Trust Code
  • About this website
  • FAQ
  • Trust code legislative history
  • About Pasternak & Fidis

Comparison of Uniform Trust Code, DC Trust Code, Maryland Trust Act, and Virginia Trust Code, with Annotations

  • Preamble
  • Article 1
  • Article 2
  • Article 3
  • Article 4
  • Article 5
  • Article 6
  • Article 7
  • Article 8
  • UPIA-UTC Article 9
  • Article 10
  • Article 11
Limit the display as desired by selecting the HIDE/SHOW buttons above each column. Access annotations by clicking
A

Hide/Show UTC · Hide/Show DC · Hide/Show MD · Hide/Show VA

UTC

§ 10. Language Invoking Standard of [Act].

The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this [Act]: "investments permissible by law for investment of trust funds," "legal investments," "authorized investments," "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital," "prudent man rule," "prudent trustee rule," "prudent person rule," and "Prudent Investor Rule."

DC

§ 19-1309.06. Language invoking standard of subchapter.

The following terms or comparable language in a trust instrument, unless otherwise limited or modified by the instrument, authorizes any investment or strategy permitted under this subchapter: "investments permissible by law for investment of trust funds", "legal investments", "authorized investments", "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital", "prudent man rule", "prudent trustee rule", "prudent person rule", and "Prudent Investor Rule".

MD

Omitted.

VA

§ 64.2-789. Language invoking standard of article

The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified by language articulating the investment standard to which the trustee is to be held, authorizes any investment or strategy permitted under this article: "investments permissible by law for investment of trust funds," "legal investments," "authorized investments," "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital," "prudent man rule," "prudent trustee rule," "prudent person rule," and "Prudent Investor Rule."

← Previous Article Next Article →

The materials available on this site are for informational purposes only and not for the purpose of providing legal advice. While we make every effort to present accurate and reliable information on this site, we cannot guarantee its accuracy or completeness.

Current Through: 7/25/2019

Copyright © 2022 Pasternak & Fidis, P.C. All rights reserved. DCMetroTrustCode.com

7101 Wisconsin Avenue, Suite 1025

Bethesda, MD 20814

phone 301.656.8850 · fax 301.656.3053