 | Marion R. Fremont-Smith - 2008 - 580 Seiten
...trusts alike in the 1830 case of Harvard College v. Amory, where it was stated that a trustee must "observe how men of prudence, discretion and intelligence...speculation, but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested."8... | |
 | August J. Baker, Dennis E. Logue, Jack S. Rader - 2004 - 368 Seiten
...known as the Prudent Investor law (originally termed the "Prudent Man law"). The decision stated that All that can be required of a trustee to invest is...that he shall conduct himself faithfully and exercise sound discretion. He is to observe how men of prudence, discretion, and intelligence manage their own... | |
 | Roy C. Smith - 2004 - 376 Seiten
...others had only to "conduct himself faithfully and exercise sound discretion," and to do that he should "observe how men of prudence, discretion, and intelligence manage their own affairs," and in essence, do the same. Other states at the time took a different view, that the trustees were... | |
 | William F. Schneider, Robert A. DiMeo, Michael S. Benoit - 2005 - 362 Seiten
...Massachusetts Supreme Court case of Harvard v. Amory established in 1830 the standard that trustees "should observe how men of prudence, discretion and intelligence...speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety of capital to be invested."... | |
 | Roger J. Brown - 2005 - 308 Seiten
...can be required of a trustee is that he conduct himself faithfully and exercise sound discretion and observe how men of prudence, discretion and intelligence...speculation, but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested.... | |
 | Barbara D. Jackins - 2005 - 144 Seiten
...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... | |
 | 194 Seiten
...therefore the trustee was negligent and liable. In 1830, in a landmark decision, the court ruled, in part: All that can be required of a trustee to invest, is,...speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested.... | |
 | Mark T. Hebner - 2007 - 411 Seiten
...proper guidelines for trustees. Judge Putnum declared, "Do what you will, the capital is at hazard. All that can be required of a trustee to invest is...discretion, and intelligence manage their own affairs, considering the probable income as well as the probable safety of the capital to be invested." This... | |
 | Jerry W. Markham - 2006 - 784 Seiten
...trustees must use "sound discretion" in investing trust assets. Trustees must act in the same manner as "men of prudence, discretion and intelligence manage...speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested."37... | |
 | David A. Handler, Deborah V. Dunn - 2007 - 1010 Seiten
...discretion, and intelligence manage 'See, eg. Pitzer v. Security Nafl Bank. 155 Cal. App. 3d 779 (1984). 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 the capital to be invested."18... | |
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All that can be required of a trustee to invest, is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but... 
