Section 633A.4309 - Language invoking prudent investor ruleThe following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this trust code:
1. Investments permissible by law for investment of trust funds.3. Authorized investments.4. 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.8. Prudent investor rule.99 Acts, ch 125, §70, 109C2001, § 633.4309 2005 Acts, ch 38, §54CS2005, § 633A.4309