In making and implementing investment decisions, the trustee has a duty to diversify the investments of the trust unless, under the circumstances, it is prudent not to do so.
(Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.)
Prob. Code § 16048, under Uniform Prudent Investor Act.
Prob. Code § 16048
In making and implementing investment decisions, the trustee has a duty to diversify the investments of the trust unless, under the circumstances, it is prudent not to do so.
(Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.)