Main Content 386-1998-I-5 friendly link Printer Friendly index and updates Search within this Statute for ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)Act 386 of 1998 Part 5 PRUDENT INVESTOR RULE DocumentTypeDescription Section 700.1501SectionShort title of part; definitions. Section 700.1502SectionPrudent investor rule. Section 700.1503SectionPortfolio strategy; risk and return objectives. Section 700.1504SectionDiversification. Section 700.1505SectionDuties at inception. Section 700.1506SectionDuties of fiduciary in interest of beneficiaries. Section 700.1507SectionImpartiality. Section 700.1508SectionInvestment costs. Section 700.1509SectionReviewing compliance. Section 700.1510SectionDelegation of investment and management functions. Section 700.1511SectionLanguage invoking standard of prudent investor rule. Section 700.1512SectionApplication to existing fiduciary estates.