Section 469.901 - Trustee duties, settlor may restrict or expand1. 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.Transferred 2004; formerly 456.901
L. 1996 H.B. 1432, A.L. 2004H.B. 1511