§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).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 8: DUTIES AND POWERS OF TRUSTEE
18-B §801. Duty to administer trust
18-B §804. Prudent administration
18-B §805. Costs of administration
18-B §807. Delegation by trustee
18-B §808. Powers to direct (REPEALED)
18-B §809. Control and protection of trust property
18-B §810. Record keeping and identification of trust property
18-B §811. Enforcement and defense of claims
18-B §812. Collecting trust property
18-B §813. Duty to inform and report
18-B §814. Discretionary powers; tax savings
18-B §815. General powers of trustee