 | BBP - 2004 - 828 pages
...means that the fiduciary must act "with the care, skill, prudence, and diligence that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like nature." In essence, fiduciaries are required to exercise their duties solely in the interest... | |
 | Christian D Rahaim - 2005 - 218 pages
...the care, skill prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters...of an enterprise of a like character and with like aims." Although this rule is referred to under the common law as the prudent man rule, within the context... | |
 | William G. Gale, John B. Shoven, Mark Warshawsky - 2005 - 252 pages
...the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters...of an enterprise of a like character and with like aims 23. The term "party in interest" includes the sponsoring employer and or union or service provider... | |
 | Mark Filipp - 2005 - 950 pages
...means that the fiduciary must act "with the care, skill, prudence, and diligence that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like nature." In essence, fiduciaries are required to exercise their duties solely in the interest... | |
 | Brooks R. Magratten - 2005 - 420 pages
...care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims; (3) by diversifying the investments of a plan to minimize risks... | |
 | Robert Walker - 2006 - 462 pages
...the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters...of an enterprise of a like character and with like aims • by diversifying the investments of the plan so as to minimize the risk of large losses, unless... | |
 | Daniel Cassidy - 2006 - 288 pages
...the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters...of an enterprise of a like character and with like aims." This section is often cited as the part of the definition that elevates a fiduciary's conduct... | |
 | Jack B. Siegel - 2006 - 742 pages
...skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in like capacity and familiar with such matters would...the conduct of an enterprise of a like character and like aims."70 The Uniform Management of Institutional Funds Act (UMIFA), adopted by 47 states and the... | |
 | Elayne Robertson Demby - 2010 - 316 pages
...skill, prudence, and diligence under the circumstances then prevailing that a reasonably prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and like aims. In general, individual investment must meet the prudence rule on a stand-alone... | |
 | Alicia Haydock Munnell, Steven A. Sass - 2006 - 182 pages
...the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims ..." (Bateman and Piggot 200la; Commonwealth Treasury 2001). 18.... | |
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... with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims... 
