Conn. Gen. Stat. » Title 45a — PROBATE COURTS AND PROCEDURE · Chapter 802c — Trusts
Connecticut General Statutes

Conn. Gen. Stat. § 45a-541a (2026)

Prudent investor rule

✓ current as of May 2026
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(a) Except as provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule, as set forth in sections 45a-541 to 45a-541l, inclusive.

(b) The prudent investor rule is a default rule that may be expanded, restricted, eliminated or otherwise altered by provisions of the trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on provisions of the trust.

(P.A. 97-140, S. 2.)

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Notes of Decisions
Cited in 2 cases, 2008–2019 · leading case: Knight v. Comm'r, 552 U.S. 181 (2008).
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Knight v. Comm'r, 552 U.S. 181 (2008). · cites it 2× “It argued that the Trustee’s fiduciary duty to act as a “prudent investor” *186 under the Connecticut Uniform Prudent Investor Act, Conn. Gen. Stat. §§45a-541a to 45a-541£ (2007), 2 required the Trustee to obtain investment advisory services, and therefore to pay investment…”
Tatoian v. Tyler, 194 Conn. App. 1 (Conn. App. Ct. 2019). “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 Gen- eral Statutes § 45a-541a, which provides: ‘(a) Except as provided in subsection (b) of this section, a trustee…”
— Conn. Gen. Stat. § 45a-541a(a) — 1 case
Knight v. Comm'r, 552 U.S. 181 (2008). “It argued that the Trustee’s fiduciary duty to act as a “prudent investor” *186 under the Connecticut Uniform Prudent Investor Act, Conn. Gen. Stat. §§45a-541a to 45a-541£ (2007), 2 required the Trustee to obtain investment advisory services, and therefore to pay investment…”
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