 All that can be required of a trustee to invest, is that he shall conduct himself faithfully, and exercise a sound discretion. He is to observe how men of prudence, discretion, and intelligence manage their own affairs, not in regard to speculation, but...  The Northeastern Reporter - Σελίδα 971891Πλήρης προβολή - Σχετικά με αυτό το βιβλίο
 | Peter L. Bernstein - 1998 - 404 σελίδες
...trustee to invest, is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion, and intelligence...the probable safety of the capital to be invested. There the matter rested for 122 years. In June 1952, the Journal of Finance, the leading academic journal... | |
 | George Crawford, Bidyut Sen - 1996 - 260 σελίδες
...Amory the court defined this responsibility in a timeless manner: Fiduciaries should observe how people of prudence, discretion, and intelligence manage their...the probable safety of the capital to be invested. This statement is often quoted by courts, and it forms the basis for many state and federal statutes... | |
 | Stephan Schmidheiny, Federico J. Zorraquin - 1996 - 244 σελίδες
...not in regard to speculation, but in regard to the permanent disposition of their funds, considering probable income, as well as the probable safety of the capital to be invested. 9 The prudent man rule became part of the investment culture of the previous century, at a time when... | |
 | Anjali Kumar, Terry M. Chuppe, Paula Perttunen - 1997 - 88 σελίδες
...investments of bank trust departments. Under this concept, a bank trust department would be required 'to observe how men of prudence, discretion, and intelligence...as well as the probable safety of the capital to be invested.'59 Banks are also subject to a variety of Federal and state regulations related to conflicts... | |
 | Price Waterhouse Coopers - 1998 - 184 σελίδες
...trustee to invest is that he shall conduct himself faithfully and exercise sound discretion. He is to observe how men of prudence, discretion and intelligence...the probable safety of the capital to be invested. [Harvard College v. Amory, 9 Pick (26 Mass.) 446 (1830).] The rule was stated later by Professor Austin... | |
 | David Dreman - 2008 - 473 σελίδες
...conduct himself faithfully and exercise a source of discretion. He is to observe how men of prudence and intelligence manage their own affairs, not in...the probable safety of the capital to be invested. Thus was born the famous "prudent man rule" defining the responsibilities of a trustee handling funds... | |
 | Ellen Condliffe Lagemann - 1999 - 518 σελίδες
...trustee to invest, is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence...the probable safety of the capital to be invested. This formulation, known as the Prudent Man (Person) Rule, has been the fiduciary standard to which... | |
 | Gary L. Gastineau, Mark P. Kritzman - 1999 - 368 σελίδες
...can be required of a trustee is that he conduct himself faithfully, exercise sound discretion, and observe how men of prudence, discretion, and intelligence...the probable safety of the capital to be invested. A standard of prudence in investment policy emphasizes how prudent men invest for "income and safety... | |
 | Sam Bass Warner - 2001 - 268 σελίδες
...shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence manage their own affairs, not in regard to speculation,...the probable safety of the capital to be invested.- 19 In ensuing years Boston became famous, even notorious, for its trustees' careful management of family... | |
 | Peter Birks, Arianna Pretto-Sakmann, Arianna Pretto - 2002 - 465 σελίδες
...trustee to invest is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence...the probable safety of the capital to be invested . . . Do what you will, the capital is at hazard.104 99 Re Duke of Norfolk's Settlement Trusts [1982]... | |
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