{"data":{"id":"us-ri/r.i.-gen.-laws-18-15-1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 18-15-1","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 this chapter.\n(b) 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 18 Fiduciaries","Chapter 15 Rhode Island Uniform Prudent Investor Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE18/18-15/18-15-1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:09Z","sha256":"0cffc3d8cbe2db64eac50ea033ffc43f63e0f7f2f002246c60c011a646faa831","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-18-14-6","next":"us-ri/r.i.-gen.-laws-18-15-2"},"notice":"GroundRules: Original legal text. Not legal advice."}