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Harvard College & Massachusetts General Hospital v. Armory (1830)

Term · Law · MLC-T-LAW-002396

A foundational American trust law case that established the "prudent man rule" for fiduciaries. The Massachusetts Supreme Judicial Court held that a trustee must manage trust assets with the care and skill that a person of ordinary prudence would exercise in managing their own property. This rule has significantly influenced modern trust and investment law across the United States.

Table 1. Record
IdentifierMLC-T-LAW-002396
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002396",
  "term": "Harvard College & Massachusetts General Hospital v. Armory (1830)",
  "field": "Law",
  "definition": "A foundational American trust law case that established the \"prudent man rule\" for fiduciaries. The Massachusetts Supreme Judicial Court held that a trustee must manage trust assets with the care and skill that a person of ordinary prudence would exercise in managing their own property. This rule has significantly influenced modern trust and investment law across the United States.",
  "url": "https://mlchart.com/terminology/law/harvard-college-and-massachusetts-general-hospital-v-armory-1830/"
}

Record 2,312 of 5,445 in Law terminology (MLC-0107). Request the full dataset.