 | George Purcell Costigan - 1925 - 1056 pages
...trustee must, in the investment of the trust fund, act with good faith and sound discretion, and must "observe how men of prudence, discretion, and intelligence...speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety, of the capital to be... | |
 | John Emmett Kirshman - 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... | |
 | 1883 - 540 pages
...of the trust fund than of his own. King v. Tolbert, 50 Barb. 453. "A trustee is to conduct him self faithfully and exercise a sound discretion. He is...speculation, but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of the capital invested."... | |
 | David Francis Jordan - 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... | |
 | United States. Congress. Senate. Committee on Labor and Public Welfare - 1958 - 1494 pages
...circumstances then prevailing which men of prudence, Jiscretion 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 probable safety of their capital as well as probable income. .Vi inrestment... | |
 | 1919 - 676 pages
...of trust funds, was set forth in 1830 in, Honrará College vs. Armory (9 Pick. 4«), as follows: "AH that can be required of a trustee to invest is, that...speculation, but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested."... | |
 | 1923 - 994 pages
...Various States The early Harvard College Case states the American Rule in general terms. "A trustee must observe how men of prudence, discretion and Intelligence...speculation, but In regard to the permanent disposition of their funds, considering the probable safety of the capital to be Invested." TUe New York rule permits... | |
 | 1927 - 868 pages
...rule laid down as a guide for a trustee is "to observe how men of prudence, discretion and diligence manage 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 the capital to be invested."... | |
 | 1886 - 1040 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 income, as well as the probable safety... | |
 | 1927 - 876 pages
...dissolved. "All that can be required of a trustee to intest. Is, that he shall conduct himself falthfnlly. and exercise a sound discretion. He is to observe how men of prudence, and discretion and intelligence manage their own affairs, not in regard to speculation, but in regard... | |
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All that can be required of a 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 manage their own affairs, not in regard to speculation, but... 
