{"data":{"id":"us-dc/d.c.-code-19-1309.01","jurisdiction":"us-dc","citation":"D.C. Code § 19-1309.01","heading":"Prudent investor rule.","body":"(a)\nExcept as provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in sections 19-1309.02 through 19-1309.09.\n\n(b)\nThe prudent investor rule is a default rule that may be expanded, restricted, eliminated, or otherwise altered by provisions of the trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on provisions of the trust.","path":["Title 19. Descent, Distribution, and Trusts. [Enacted title]","Chapter 13. Uniform Trust Code.","Subchapter IX. Uniform Prudent Investor Act."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/19-1309.01","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"fe0a0d920e47aeb1f00e778176609a501d9edc6267d34db847198f0d12a1b1ba","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-19-1308.17","next":"us-dc/d.c.-code-19-1309.02"},"notice":"GroundRules: Original legal text. Not legal advice."}