Title 469 · MO 469

Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Section 469.901

Citation: Mo. Rev. Stat. § 469.901

Section: 469.901

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  Do search Help   This chapter only Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY Chapter 469 < > â¢ Effective - 28 Aug 2004

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âÂ 469.901. Â Â Trustee duties, settlor may restrict or expand. â 1.Â Â Except as otherwise provided in subsection 2 of this section, or by other applicable laws, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this act * . âÂ 2.Â Â A settlor may expand or restrict the prudent investor rule detailed in this act * by express provisions in the trust instrument.Â Â A trustee is not liable to a beneficiary for the trustee's good faith reliance on these express provisions. ÂÂ-------- (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511) Transferred 2004; formerly 456.901 *"This act" (H.B. 1432, 1996) contained numerous sections.Â Â Consult Disposition of Sections table for a definitive listing.

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