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.”
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