N.H. Rev. Stat. § 31:25-d

Current through Chapter 381 of the 2024 Legislative Session

Section 31:25-d - Application of Prudent Investor Rule

The trustees of trust funds may manage and invest such funds in accordance with the prudent investor rule under RSA 564-B:9-RSA 901- 564-B:9-906 without regard to the investment limitations of RSA 31:25 and RSA 31:25-a, provided, however, the trustees of trust funds:

I. Notify the attorney general in writing of their decision to invest according to the prudent investor rule; and

II. Hire or employ the trust department of a bank or a brokerage firm to provide investment advice and assistance under RSA 31:38-a, III.

RSA 31:25-d

2008, 264 : 1 , eff. Aug. 25, 2008.