Section 30 — Trusts Act 2019: Duty to invest prudently

30 Duty to invest prudently When exercising any power to invest trust property, a trustee must exercise the care and skill that a prudent person of business would exercise in managing the affairs of others, having regard, in particular,— (a) to any special knowledge or experience that the trustee has or that the trustee holds out as having; and (b) if the person acts as a trustee in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession. Compare: 1956 No 61 ss 13B , 13C