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 321by Massachusetts. Supreme Judicial Court - 1920Full view - About this book
| Massachusetts. Supreme Judicial Court - Law reports, digests, etc - 1864 - 1510 pages
...trustee to invest, is, that lie shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence...as well as the probable safety of the capital to be invested.1 But in the case at bar, the testator referred the management of this trust especially to... | |
| Isaac Grant Thompson - Law reports, digests, etc - 1879 - 912 pages
...trustee to invest is that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence...the probable safety of the capital to be invested." 9 Pick. 461. The rule thus judicially declared nearly half a century ago has been since constantly... | |
| Massachusetts. Supreme Judicial Court - Law reports, digests, etc - 1879 - 702 pages
...trustee to invest ia that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence...the probable safety of the capital to be invested." 9 Pick. 461. The rule thus judicially declared nearly half a century ago has been since constantly... | |
| Law reports, digests, etc - 1901 - 1156 pages
...Harvard College v. Amory, supra; 2 Beach, Trusts, ยง 525. Referring to the general rule that a trustee is to observe how men of prudence, discretion, and intelligence...the probable safety of the capital to be invested, Chief Justice Gray, in a Massachusetts case, said: "If a more strict or precise rule should be deemed... | |
| Law reports, digests, etc - 1886 - 948 pages
...trustee to invest is that he shall conduct himself faithfully, and exercise a sound discretion. He is to observe how men of prudence, discretion, and intelligence...the probable safety of the capital to be invested." In that case, investments in stocks of an incorporated manufacturing company and of an incorporated... | |
| Law reports, digests, etc - 1886 - 976 pages
...trustee to invest is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence...the probable safety of the capital to be invested." The very recent case of New England Trust Go. v. Eaton, 140 Mass. [3 East. Rep'r, 495] ; reaffirms... | |
| Law reports, digests, etc - 1886 - 872 pages
...trustee to invest is, that he shall conduct himself faithfully, and exercise a sound discretion. He is to observe how men of prudence, discretion, and intelligence...the probable safety of the capital to be invested:" Harvard College v. Amory, 9 Pick. 446; Lavett v. JUinot, 20 Id. 119; Brown v. French, 125 Mass. 410;... | |
| 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... | |
| Law reports, digests, etc - 1914 - 1166 pages
...exercise sound discretion, not with a view to speculation, but to make a disposition of the trust fund, considering the probable income, as well as the probable safety of the capital to be Invested. The defendant does not show that he did either In respect to the attempted investment in the stock... | |
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