Duty to administer trust

  1. Law
  2. Maine Revised Statutes
  3. TRUSTS
  4. MAINE UNIFORM TRUST CODE
  5. DUTIES AND POWERS OF TRUSTEE
  6. Duty to administer trust

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§801. Duty to administer trust

Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries and in accordance with this Code.   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

SECTION HISTORY

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).


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