Mo. Rev. Stat. § 469.901: Trustee duties, settlor may restrict or expand.
Where this section sits in the code
- Title XXXI - TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY
- Chapter 469 - Disclaimers of Property
1. Except as otherwise provided in subsection 2 of this section, or by other applicable laws, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this act*.
2. A settlor may expand or restrict the prudent investor rule detailed in this act* by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee's good faith reliance on these express provisions.
Collected 2026-09-03T22:23:28Z. Source file · JSON