{"data":{"id":"us-ut/utah-code-51-7b-202","jurisdiction":"us-ut","citation":"Utah Code § 51-7b-202","heading":"Prudent investor standard -- Determining whether standard met.","body":"(1) The state treasurer shall invest and manage the permanent state trust fund assets as a prudent investor would, by:\n(a) considering the purposes, terms, distribution requirements, and other circumstances of the permanent state trust fund; and\n(b) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor.\n(2) In determining whether the state treasurer has met the standard of care of a prudent investor, a finder of fact shall:\n(a) consider the state treasurer's investment decision or action in light of the facts and circumstances existing at the time of the decision or action, and not by hindsight; and\n(b) evaluate the state treasurer's investment and management decisions respecting individual assets:\n(i) not in isolation, but in the context of the permanent state trust fund portfolio as a whole; and\n(ii) as a part of an overall investment strategy that has risk and return objectives reasonably suited to the permanent state trust fund.","path":["Title 51 Public Funds and Accounts","Chapter 51-7b Investment of Permanent State Trust Fund Money","Part 51-7b-2 State Treasurer Investment Duties"],"source_url":"https://le.utah.gov/xcode/Title51/Chapter7b/51-7b-S202.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"6a01ae3092905f0ed6a10b16267e32919ba2f16a94af494cb60fbb93acd4c465","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-51-7b-201","next":"us-ut/utah-code-51-8-101"},"notice":"GroundRules: Original legal text. Not legal advice."}