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articles

9/9/2009 · Securities
Brief Summary of California Prudent Investor Act, Uniform Principal & Income Act, unitrust conversion provisions and DNI
By: David G. Mackenzie
The Prudent Investor Act introduced new standards for investment performance. It de-emphasizes the importance of accounting income and instead measures a trustee's performance in terms of total return (income plus growth) to the trust portfolio.
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Deregulatory Takings and the Regulatory Contract: The Competitive Transformation of Network Industries in the United States
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