{"data":{"id":"us-nm/45-7-602","jurisdiction":"us-nm","citation":"45-7-602","heading":"Prudent investor rule.","body":"A. Except as otherwise 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 set forth in the Uniform Prudent Investor Act [45-7-601 to 45-7-612 NMSA 1978].\nB. 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":["Chapter 45 - Uniform Probate Code","ARTICLE 7 Trust Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18546/index.do","current_through":"2024-09-06","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"8113d9dc040f89ca8c29472953222f8b8b4f48a36b19cf8995d220ed946d95ab","source_id":"us-nm","stale":false,"prev":"us-nm/45-7-601","next":"us-nm/45-7-603"},"notice":"GroundRules: Original legal text. Not legal advice."}