New Jersey § 3b:20-11

§ 3b:20-11.

The following terms or comparable language in a trust instrument, unless otherwise

limited or modified by that instrument, shall be construed as authorizing any investment

or strategy permitted under this act: “investments permissible by law for investment

of trust funds,” “legal investment,” “authorized investments,” “using the judgment

and care under the circumstances then prevailing that persons of prudence, discretion,

and intelligence exercise in the management of their own affairs, not in regard to

speculation but in regard to the permanent disposition of their funds, considering

the probable income as well as the probable safety of their capital,” “prudent man

rule,” “prudent trustee rule,” “prudent person rule,” and “prudent investor rule.”