{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-789.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-789.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-789.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-789.html"}],"law_id":376498,"edition_id":2,"section_id":376498,"structure_id":53535,"section_number":"64.2-789","catch_line":"Language invoking standard of article","history":"1999, c. 772, \u00a7 26-45.11; 2012, c. 614.","full_text":"The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified by language articulating the investment standard to which the trustee is to be held, 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.”\n\n","order_by":null,"text":{"0":{"id":1405847,"text":"The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified by language articulating the investment standard to which the trustee is to be held, 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.”","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53535,"edition_id":2,"name":"Uniform Prudent Investor Act","identifier":"9","label":"article","depth":4,"order_by":10,"parent_id":53524,"metadata":{"child_laws":12,"child_structures":0},"date_created":"2026-08-02 03:17:56","date_modified":"2026-08-02 12:37:13","permalink":{"id":1501687,"object_type":"structure","relational_id":53535,"identifier":"9","token":"64.2\/III\/7\/9","url":"\/64.2\/III\/7\/9\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53524,"edition_id":2,"name":"Uniform Trust Code","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":53428,"metadata":{"child_laws":150,"child_structures":13},"date_created":"2026-08-02 03:17:42","date_modified":"2026-08-02 12:37:10","permalink":{"id":1501109,"object_type":"structure","relational_id":53524,"identifier":"7","token":"64.2\/III\/7","url":"\/64.2\/III\/7\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53428,"edition_id":2,"name":"Trusts","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":53424,"metadata":{"child_laws":232,"child_structures":36},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:10","permalink":{"id":1500813,"object_type":"structure","relational_id":53428,"identifier":"III","token":"64.2\/III","url":"\/64.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":376489,"structure_id":53535,"section_number":"64.2-780","catch_line":"Definition of terms","url":"\/64.2-780\/","token":"64.2\/III\/7\/9\/64.2-780","metadata":false},{"id":376490,"structure_id":53535,"section_number":"64.2-781","catch_line":"Prudent investor rule","url":"\/64.2-781\/","token":"64.2\/III\/7\/9\/64.2-781","metadata":false},{"id":376491,"structure_id":53535,"section_number":"64.2-782","catch_line":"Standard of care; portfolio strategy; risk and return objectives","url":"\/64.2-782\/","token":"64.2\/III\/7\/9\/64.2-782","metadata":false},{"id":376492,"structure_id":53535,"section_number":"64.2-783","catch_line":"Diversification by trustee","url":"\/64.2-783\/","token":"64.2\/III\/7\/9\/64.2-783","metadata":false},{"id":376493,"structure_id":53535,"section_number":"64.2-784","catch_line":"Duties at inception of trusteeship","url":"\/64.2-784\/","token":"64.2\/III\/7\/9\/64.2-784","metadata":false},{"id":376494,"structure_id":53535,"section_number":"64.2-785","catch_line":"Loyalty and impartiality","url":"\/64.2-785\/","token":"64.2\/III\/7\/9\/64.2-785","metadata":{"court_decisions":""}},{"id":376495,"structure_id":53535,"section_number":"64.2-786","catch_line":"Investment costs","url":"\/64.2-786\/","token":"64.2\/III\/7\/9\/64.2-786","metadata":{"court_decisions":""}},{"id":376496,"structure_id":53535,"section_number":"64.2-787","catch_line":"Reviewing compliance","url":"\/64.2-787\/","token":"64.2\/III\/7\/9\/64.2-787","metadata":false},{"id":376497,"structure_id":53535,"section_number":"64.2-788","catch_line":"Delegation of investment and management functions","url":"\/64.2-788\/","token":"64.2\/III\/7\/9\/64.2-788","metadata":{"court_decisions":""}},{"id":376498,"structure_id":53535,"section_number":"64.2-789","catch_line":"Language invoking standard of article","url":"\/64.2-789\/","token":"64.2\/III\/7\/9\/64.2-789","metadata":false},{"id":376499,"structure_id":53535,"section_number":"64.2-790","catch_line":"Application to existing trusts","url":"\/64.2-790\/","token":"64.2\/III\/7\/9\/64.2-790","metadata":false},{"id":376500,"structure_id":53535,"section_number":"64.2-791","catch_line":"Uniformity of application and construction","url":"\/64.2-791\/","token":"64.2\/III\/7\/9\/64.2-791","metadata":false}],"previous_section":{"id":376497,"structure_id":53535,"section_number":"64.2-788","catch_line":"Delegation of investment and management functions","url":"\/64.2-788\/","token":"64.2\/III\/7\/9\/64.2-788","metadata":{"court_decisions":""}},"next_section":{"id":376499,"structure_id":53535,"section_number":"64.2-790","catch_line":"Application to existing trusts","url":"\/64.2-790\/","token":"64.2\/III\/7\/9\/64.2-790","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-789\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapter 772<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter 614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1501725,"object_type":"law","relational_id":376498,"identifier":"64.2-789","token":"64.2\/III\/7\/9\/64.2-789","url":"\/64.2-789\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-789\/","token":"64.2\/III\/7\/9\/64.2-789","dublin_core":{"Title":"Language invoking standard of article","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-789","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The following terms or comparable language in the provisions of a trust<\/span>, unless otherwise limited or modified by language articulating the investment standard to which the trustee<\/span> is to be held, authorizes any investment or strategy permitted under this article: “investments permissible by law<\/span> for investment of trust<\/span> funds,” “legal investments,” “authorized investments,” “using the judgment<\/span> and care under the circumstances then prevailing that persons<\/span> 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<\/span> of their funds, considering the probable income as well as the probable safety of their capital,” “prudent man rule,” “prudent trustee<\/span> rule,” “prudent person<\/span> rule,” and “prudent investor rule.”<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLANGUAGE INVOKING STANDARD OF ARTICLE (\u00a7 64.2-789)\n\nThe following terms or comparable language in the provisions of a trust, unless\notherwise limited or modified by language articulating the investment standard\nto which the trustee is to be held, authorizes any investment or strategy\npermitted under this article: “investments permissible by law for\ninvestment of trust funds,” “legal investments,”\n“authorized investments,” “using the judgment and care under\nthe circumstances then prevailing that persons of prudence, discretion, and\nintelligence exercise in the management of their own affairs, not in regard to\nspeculation but in regard to the permanent disposition of their funds,\nconsidering the probable income as well as the probable safety of their\ncapital,” “prudent man rule,” “prudent trustee\nrule,” “prudent person rule,” and “prudent investor\nrule.”\n\nHISTORY: 1999, c. 772, \u00a7 26-45.11; 2012, c. 614.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}