 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...  Massachusetts Reports - Page 415by Massachusetts. Supreme Judicial Court - 1879Full view - About this book
 | Law reports, digests, etc - 1917 - 1184 pages
...unnecessarily sacrificed. Trustees must be prudent and vigilant and exercise a sound judgment. They are 'to observe how men of prudence, discretion, and intelligence...disposition of their funds, considering the probable income aa well as the probable safety of the capital to be invested.' Harvard College v. Amory, 9 Pick. (Mass.)... | |
 | Law reports, digests, etc - 1886 - 956 pages
...must be prudent and vigilant, and exercise a sound judgment. They are "to observe how men of prudent discretion and intelligence manage their own affairs,...not in regard to speculation, but in regard to the paramount disposition of their funds, considering the probable incqme, as well as the probable safety... | |
 | Electronic journals - 1886 - 968 pages
...be required of a trustee to invest is that he shall conduct himself faithfully and exercise a Bound discretion. He is to observe how men of prudence, discretion and intelligence manage their own affiairs, not in regard to speculation, but in regard to the permanent disposition of their funds,... | |
 | Irving Browne - National banks (U.S.) - 1889 - 824 pages
...v. Amory, 9 Pick. 446, 461, it was declared : " All that can be required of a trustee to invest is, that he shall conduct himself faithfully, and exercise...speculation, but in regard to the permanent disposition of . 478 Hunt, Appellant. their funds, considering the probable income, as well as the probable safety... | |
 | Edgar Benton Kinkead - Torts - 1903 - 906 pages
...Lord, 1 Wis. 286, 60 Am. Dec. 381. 42 Hun v. Cary, 82 NY 65, 37 Am. Rep. 546. The trustee Is bound to observe how men of prudence, discretion and intelligence manage their own affairs: Harvard College v. Amory, 9 Pick. 446; Bowker v. Pierce, 130 Mass. 262; Morrow v. Saline Co., 21 Kan.... | |
 | Luther Eugene Mackall - Insurance, Surety and fidelity - 1914 - 362 pages
...speculation, but a permanent investment, considering both probable income and safety of principal. They must observe how men of prudence, discretion and intelligence...probable income as well as the probable safety of principal. This is known as the American rule ; but the courts and legislatures in the various states... | |
 | Labor laws and legislation - 1957 - 832 pages
...circumstances then prevailing which men of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but...permanent disposition of their funds, considering probable safety of their capital as well as probable income. No investment should be made by an affiliate... | |
 | David Francis Jordan - Investments - 1922 - 456 pages
...state laws, the general American principle applies. This principle has been stated that "a trustee must observe how men of prudence, discretion and intelligence...affairs, not in regard to speculation but in regard to permanent disposition of their funds, considering the probable income, as well as the probable safety... | |
 | John Emmett Kirshman - Investments - 1924 - 940 pages
...in his Trustee's Handbook, lays down the generally recognized principle as follows: "A trustee must observe how men of prudence, discretion and intelligence...affairs, not in regard to speculation but in regard to permanent disposition of their funds, considering the probable income, as well as the probable safety... | |
 | David Francis Jordan - Investments - 1924 - 404 pages
...principle applies. This principle, as has been stated, holds that "a trustee must observe how men ot prudence, discretion and intelligence manage their...affairs, not in regard to speculation but in regard to permanent disposition of their funds, considering the probable income, as well as the probable safety... | |
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