Prudence. The standard of prudence to be used for managing the investment property is the prudent investor rule applicable to a fiduciary, which states that a prudent investor "shall exercise the judgment and care, under circumstances then prevailing, which men of prudence, discretion, and intelligence exercise in the management of the property of another, not in regard to speculation but in regard to the permanent disposition of funds, considering the probable income as well as the probable safety of their capital.”
Appears in 3 contracts
Samples: Participation Agreement, www.michiganclass.org, www.michiganclass.org
Prudence. The standard of prudence to be used for managing the investment property Investment Property is the "prudent investor investor" rule applicable to a fiduciary, which states that a prudent investor "shall exercise the judgment and care, under circumstances then prevailing, which men of prudence, discretion, and intelligence exercise in the management of the property of another, not in regard to speculation but in regard to the permanent disposition of funds, considering the probable income as well as the probable safety of their capital.”
Appears in 3 contracts
Samples: Participation Agreement, Participation Agreement, www.michiganclass.org
Prudence. The standard of prudence to be used for managing the investment property Investment Property is the prudent investor rule applicable to a fiduciary, which states that a prudent investor "shall exercise the judgment and care, under circumstances then prevailing, which men of prudence, discretion, and intelligence exercise in the management of the property of another, not in regard to speculation but in regard to the permanent disposition of funds, considering the probable income as well as the probable safety of their capital.”
Appears in 3 contracts
Samples: Participation Agreement, Participation Agreement, Participation Agreement
