Recordkeeping and identification of trust property.

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  • (1) A trustee shall keep adequate records of the administration of the trust.
  • (2) A trustee shall keep trust property separate from the trustee's own property.
  • (3) Except as otherwise provided in Subsection (4), a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
  • (4) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.




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