{"data":{"id":"us-nd/n.d.-cent.-code-59-17-01","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 59-17-01","heading":"Prudent investor rule","body":"1.Except as otherwise provided in subsection 2, 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 sections 59-16-02, 59-16-03, 59-16-05, 59-16-06, and 59-16-07 and in this chapter.\n2.The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.","path":["Title 59 Trusts","Chapter 59-17 Prudent Investor Standards"],"source_url":"https://ndlegis.gov/cencode/t59c17.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"76564cb624ad32df5129a83028bc0be6c8ca8478145e8271fe9fae2dd25eccf0","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-59-16.3-14","next":"us-nd/n.d.-cent.-code-59-17-02"},"notice":"GroundRules: Original legal text. Not legal advice."}