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24 chapters · 354 sections in this title.
15 V.I.C. § 1001 Application of chapter
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The provisions of this chapter shall govern trustees, guardians and other fiduciaries, hereafter in this chapter called “fiduciaries”, acting under wills, agreements, court orders and other instruments now existing or hereafter made.
15 V.I.C. § 1002 Investment standards and powers of fiduciaries
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In acquiring, investing, reinvesting, exchanging, retaining, selling and managing property for the benefit of another, fiduciaries shall exercise the judgment and care under the circumstances then prevailing, which men of prudence, discretion and intelligence exercise in the mana…
15 V.I.C. § 1003 Effect of provisions of instrument: definition of “legal investment” and “authorized investment”
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(a) Nothing contained in this chapter shall be construed as authorizing any departure from, or variation of, the express terms or limitations set forth in any will, agreement, court order or other instrument creating or defining the fiduciary's duties and powers. (b) The terms “l…
15 V.I.C. § 1004 Retention by fiduciary of investments
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Unless expressly provided otherwise in any instrument specified in subsection (a) of section 1003 of this title, any provisions in any such instrument prescribing, defining or limiting the kind of property in which the funds of the trust to which such instrument relates shall be …
