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TENTATIVE DRAFT 4, QUESTIONS SUGGESTED FOR DISC. [i] (May 4-6, 1933)

handle is hein.ali/relat0593 and id is 1 raw text is: The American Law Institute TRUSTS TENTATIVE DRAFT No. 4 Questions Suggested for Discussion at Eleventh Annual Meeting May 4-6, 1933 Discussion is not confined to the questions pre- sented here. In view of the limited time for discussion, however, those attending the meeting should come pre- pared to ask specific questions or to raise specific points. § 220. Distribution of Risk of Loss. Is the trus- tee liable for a loss resulting from the failure to diver- sify investments ? If so, and he invests more than a proper propor- tion of the estate in a single security, is he liable for the whole of the loss? Is it material that he makes two successive invest- ments in the same security, and thnt the first is not excessive? § 221. Amount Which May Be Lent on Mortgage. If the trustee lends on mortgage more than a proper proportion of the value of the mortgaged property, is he liable only for the loss of the excess, or is he liable for the whole loss? § 223. Investments Subsequently Becoming Im- proper, Is the standard of prudence as to retaining investments different from that applicable to making investments?

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