Montana § 72-38-901 - Prudent Investor Rule
Full text of Montana Montana Code Annotated § 72-38-901 — Prudent Investor Rule, with citation guidance and answers to common questions.
§ 72-38-901. Prudent Investor Rule
Prudent investor rule. (1) Except as 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. (2) The settlor may expand or restrict the prudent investor rule by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee's good faith reliance on these express provisions.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 72-38-901
What does Montana Code Annotated § 72-38-901 cover?
Section 72-38-901 ("Prudent Investor Rule") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 72-38-901?
A common citation format is "Montana Code Annotated § 72-38-901" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 72-38-901 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.