                                 CODE OF VIRGINIA

LANGUAGE INVOKING STANDARD OF ARTICLE (§ 64.2-789)

The following terms or comparable language in the provisions of a trust, unless
otherwise limited or modified by language articulating the investment standard
to which the trustee is to be held, authorizes any investment or strategy
permitted under this article: &#8220;investments permissible by law for
investment of trust funds,&#8221; &#8220;legal investments,&#8221;
&#8220;authorized investments,&#8221; &#8220;using the judgment and care under
the circumstances then prevailing that persons of prudence, discretion, and
intelligence exercise in the management of their own affairs, not in regard to
speculation but in regard to the permanent disposition of their funds,
considering the probable income as well as the probable safety of their
capital,&#8221; &#8220;prudent man rule,&#8221; &#8220;prudent trustee
rule,&#8221; &#8220;prudent person rule,&#8221; and &#8220;prudent investor
rule.&#8221;

HISTORY: 1999, c. 772, § 26-45.11; 2012, c. 614.