Connecticut General Statutes

Conn. Gen. Stat. § 45a-541 (2025)

Short title: Connecticut Uniform Prudent Investor Act

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Sections 45a-541 to 45a-541l, inclusive, may be cited as the “Connecticut Uniform Prudent Investor Act”.

(P.A. 97-140, S. 1.)

Notes of Decisions
Cited in 4 cases, 2001–2019 · leading case: New Haven Sav. Bank v. LaPlace, 783 A.2d 1174 (Conn. App. Ct. 2001).
New Haven Sav. Bank v. LaPlace, 783 A.2d 1174 (Conn. App. Ct. 2001). · cites it 2× “Where the defendant beneficiary raised several equitable circumstances — including the trustee’s fiduciary status, its inaccurate accounting, its invalid acceleration of the note, and its refusal of the beneficiary’s tenders — did the trial court err in granting summary judgment…”
Stuart v. Stuart, 962 A.2d 842 (Conn. App. Ct. 2009). · cites it 2× “, for his violation of the Connecticut Uniform Prudent Investor Act (Prudent Investor Act), General Statutes § 45a-541 et seq. In support of that claim, the plaintiffs refer to an exhibit submitted at trial calculating the losses sustained.”
Tatoian v. Tyler, 220 A.3d 802 (Conn. App. Ct. 2019). · cites it 3× “The applicability of the duties imposed by the Connecticut Uniform Prudent Investor Act, including the duty to diversify in § 45a-541c, is determined pursuant to General Statutes § 45a-541a, which provides: ‘(a) Except as provided in subsection (b) of this section, a trustee who…”
Stuart v. Freiberg, 69 A.3d 320 (Conn. App. Ct. 2013). · cites it 2× “See General Statutes § 45a-541 et seq. With respect to the court’s award of interest, the court’s observation in its memorandum of decision is noteworthy.”
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