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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... "
The Code of Federal Regulations of the United States of America - Page 302
1996
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Federal Insurance Act of 1977: Hearings Before the Committee on Banking ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - Government publications - 1977 - 854 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." Neither ERISA nor its legislative history clearly indicates how any of the other standards which...
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Ag-land Trust Proposal: Hearings Before the Subcommittee on Family Farms ...

United States. Congress. House. Committee on Agriculture. Subcommittee on Family Farms, Rural Development, and Special Studies - Agriculture - 1977 - 424 pages
...o£ 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. Unless otherwise specifically required by law (including the Employee Retirement Incorr.e Security...
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Reports on Banks Securities Activities of the Securities and Exchange ...

United States. Securities and Exchange Commission - Banking law - 1977 - 630 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 . . . ." 380/ While this rule is of primary relevance as to the standard of care and skill required...
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Pension Task Force Report on Public Employee Retirement Systems

United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor Standards. Pension Task Force - Civil service - 1978 - 902 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, and (2) diversifying the investments of the plan to minimize the risk of large losses, unless...
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United States Congressional Serial Set, Issue 13197

United States - 1978 - 1208 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; (C) by diversifying the investments of the plan so as to minimize the risk of large losses, unless...
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Oversight on ERISA, 1978: Hearings Before the Subcommittee on Labor ...

United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor Standards - Pension trusts - 1978 - 1340 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; _(C) by diversifying the investments of the plan so as to minimize the risk of large losses,...
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Central States Teamsters Fund: Hearing Before the Subcommittee on Oversight ...

United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight - Government publications - 1978 - 234 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, in violation of ERISA §§404(a) (1) (A) and (B), 29 USC §§1104(a) (1) (A) and (B), by, among...
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Drug regulation reform act of 1978: hearings before the Subcommittee on ...

United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Health and the Environment - Drugs - 1978 - 1568 pages
...prefer to see this express wording as used in this section: The term negligence means acting without the care, skill, prudence and diligence under the...the conduct of an enterprise of a like character. Mr. MAGUIRE. That is the familiarity, though, in that formulation. Mr. COOPER. That would exclude the...
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Hearings on the Public Employee Retirement Income Security Act of 1980 ...

United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations. Welfare and Pension Plans Task Force - Local officials and employees - 1981 - 1762 pages
...rules in seven ways. (i) "The Prudent Expert. " The ERISA federal rule requires the care that a "man acting in a like capacity and familiar with such matters...of an enterprise of a like character and with like aims." This has been described as the "prudent man rule"" and as "a mandate to all pension trustees...
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Labor Union Insurance: Hearings Before the Permanent Subcommittee on ...

United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations - Insurance companies - 1978 - 632 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 ;" Viewed from the perspective of this enactment, can the attempt to conclude a 7 year extension...
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