Utah § 7b-202 - Prudent investor standard -- Determining whether standard met.

Full text of Utah Utah Code § 7b-202 — Prudent investor standard -- Determining whether standard met., with citation guidance and answers to common questions.

§ 7b-202. Prudent investor standard -- Determining whether standard met.

51-7b-202.  Prudent investor standard -- Determining whether standard met.
(1) The state treasurer shall invest and manage the permanent state trust fund assets as a prudent investor would, by:
(a) considering the purposes, terms, distribution requirements, and other circumstances of the permanent state trust fund; and
(b) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor.
(2) In determining whether the state treasurer has met the standard of care of a prudent investor, a finder of fact shall:
(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
(b) evaluate the state treasurer's investment and management decisions respecting individual assets:
(i) not in isolation, but in the context of the permanent state trust fund portfolio as a whole; and
(ii) as a part of an overall investment strategy that has risk and return objectives reasonably suited to the permanent state trust fund.


Enacted by Chapter 211, 2013 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 7b-202

What does Utah Code § 7b-202 cover?

Section 7b-202 ("Prudent investor standard -- Determining whether standard met.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 7b-202?

A common citation format is "Utah Code § 7b-202" (Utah). 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 Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 7b-202 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah 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 Utah.