Mo. Rev. Stat. § 469.901

Current with changes from the 2024 Legislative Session
Section 469.901 - Trustee duties, settlor may restrict or expand
1. 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*.
2. A settlor may expand or restrict the prudent investor rule detailed in this act* by express provisions in the trust instrument. A trustee is not liable to a beneficiary for the trustee's good faith reliance on these express provisions.

§ 469.901, RSMo

L. 1996 H.B. 1432, A.L. 2004H.B. 1511