Utah § 19f-302 - State treasurer to follow "prudent investor" rule -- Standard of care.

Full text of Utah Utah Code § 19f-302 — State treasurer to follow "prudent investor" rule -- Standard of care., with citation guidance and answers to common questions.

§ 19f-302. State treasurer to follow "prudent investor" rule -- Standard of care.

Effective 5/13/2014
67-19f-302.  State treasurer to follow "prudent investor" rule -- Standard of care.
(1) The state treasurer shall invest and manage the trust fund assets as a prudent investor would, by:
(a) considering the purposes, terms, distribution requirements, and other circumstances of the 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, the judge or finder of fact shall:
(a) consider the state treasurer's actions in light of the facts and circumstances existing at the time of the investment 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 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 trust fund.


Enacted by Chapter 437, 2014 General Session

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

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Frequently Asked Questions About Utah § 19f-302

What does Utah Code § 19f-302 cover?

Section 19f-302 ("State treasurer to follow "prudent investor" rule -- Standard of care.") 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 § 19f-302?

A common citation format is "Utah Code § 19f-302" (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 § 19f-302 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.