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" In acquiring, investing, reinvesting, exchanging, retaining, selling and managing property for the benefit of another, a fiduciary shall exercise the judgment and care under the circumstances then prevailing, which men of prudence, discretion and intelligence... "
Committee Prints - Page 151
by United States. Congress. Senate. Committee on Labor and Public Welfare - 1957
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Reports of Cases Argued and Determined in the Supreme Judicial Court of the ...

Massachusetts. Supreme Judicial Court - Law reports, digests, etc - 1864 - 1510 pages
...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...permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested.1 But in the case...
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The American Reports: Containing All Decisions of General ..., Volume 28

Isaac Grant Thompson - Law reports, digests, etc - 1879 - 912 pages
...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...permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested." 9 Pick. 461. The...
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The Pacific Reporter, Volume 62

Law reports, digests, etc - 1901 - 1156 pages
...general rule that a trustee is to observe how men of prudence, discretion, and intelligence manage their own affairs, not in regard to speculation, but...permanent disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested, Chief Justice Gray,...
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The Northeastern Reporter, Volume 6

Law reports, digests, etc - 1886 - 948 pages
...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...permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested." In that case, investments...
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The Eastern Reporter: Containing All the Decisions of the States ..., Volume 5

Law reports, digests, etc - 1886 - 976 pages
...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...permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested." The very recent...
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The American Law Register, Volume 25; Volume 34

Electronic journals - 1886 - 968 pages
...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...permanent disposition of their funds, considering the probable income, as well as die probable safety of the capital to be invested." This phrase, then,...
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The American Decisions: Containing All the Cases of General Value ..., Volume 40

Law reports, digests, etc - 1886 - 872 pages
...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...permanent disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested:" Harvard College...
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A Practical Treatise on the Law of Trusts, Volume 1

Thomas Lewin - Trusts and trustees - 1888 - 870 pages
...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...permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested." There an investment...
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A Selection of Cases on the Law of Trusts: With Notes and Citations, Volume 1

James Barr Ames - Trusts and trustees - 1893 - 548 pages
...Harvard College o. Amory, at page 461, "observe how men of prudence, discretion, and intelligence manage their own affairs, not in regard to speculation, but...permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested." It is said in the...
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Probate Reports Annotated: Containing Recent Cases of General ..., Volume 2

Frank Sumner Rice, William Lawrence Clark - Law reports, digests, etc - 1898 - 792 pages
...exercise a sound discretion, lie is to observe how men of pri'dence, discretion and intelligence manage their own affairs, not in regard to speculation, but...permanent disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested." The very recent...
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