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§ 702 — 702 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

702

U.S. Virgin Islands § 702 — U.S. Virgin Islands law

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(a) Except as otherwise provided in subsection (b), 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 chapter.\n(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.