Volume 773, Page 3583 View pdf image |
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WILLIAM DONALD SCHAEFER, Governor S.B. 442 (A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS (2) "FIDUCIARY" MEANS: (I) A (II) AN INVESTMENT ADVISOR THAT IS CONTROLLED BY OR IS (III) A PERSON WHO MAKES AN ELECTION UNDER SUBSECTION (G) (3) "FIDUCIARY ASSETS" MEANS ASSETS HELD BY A FIDUCIARY AS (4) "INVESTMENT ADVISOR" MEANS ANY COMPANY REGISTERED (B) A FIDUCIARY SHALL: (1) INVEST AND MANAGE FIDUCIARY ASSETS AS A PRUDENT INVESTOR (2) EXERCISE REASONABLE CARE, SKILL, AND CAUTION REGARDING (3) INVEST AND MANAGE NOT IN ISOLATION BUT IN THE CONTEXT OF (4) DIVERSIFY INVESTMENTS UNLESS, UNDER THE CIRCUMSTANCES, (5) REVIEW FIDUCIARY ASSETS WITHIN A REASONABLE TIME AFTER - 3583 -
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Volume 773, Page 3583 View pdf image |
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