Section 16046 Of Article 2.5. Uniform Prudent Investor Act From California Probate Code >> Division 9. >> Part 4. >> Chapter 1. >> Article 2.5.
16046
. (a) Except as provided in subdivision (b), a trustee who
invests and manages trust assets owes a duty to the beneficiaries of
the trust to comply with the prudent investor rule.
(b) 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.