WVC 44 - 6 C- 10
§44-6C-10. Language invoking standard of article.
The following terms or comparable language in the provisions
of a trust, unless otherwise limited or modified, authorizes any
investment or strategy permitted under this article: "investments
permissible by law for investment of trust funds", "legal
investments", "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".
Note: WV Code updated with legislation passed through the 2015 Regular Session
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