Haw. Rev. Stat. § 554D-906
Current through the 2024 Legislative Session
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 part: "authorized investments"; "investments permissible by law for investment of trust funds"; "legal investments"; "prudent investor rule"; "prudent man rule"; "prudent person rule"; "prudent trustee rule"; and "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".
HRS § 554D-906