(a) A trustee shall keep adequate records of the administration of the trust.
(b) A trustee shall keep trust property separate from the property of the trustee.
(c) Except as otherwise provided in subsection (d) of this section, 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.
(d) 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.
Structure Maryland Statutes
Title 14.5 - Maryland Trust Act
Subtitle 8 - Duties and Powers of Trustee
Section 14.5-801 - Administration in General
Section 14.5-802 - Conflict Between Fiduciary and Personal Interests of Trustee
Section 14.5-803 - Two or More Beneficiaries
Section 14.5-804 - Standard for Administration
Section 14.5-805 - Incursion of Allowable Costs
Section 14.5-806 - Trustee With Special Skills or Expertise
Section 14.5-807 - Delegation of Duties and Powers
Section 14.5-808 - Actions Contrary to Trust Terms; Advisers and Fiduciaries
Section 14.5-809 - Control and Protection of Trust Property; Exception
Section 14.5-810 - Records; Keeping Property Separate
Section 14.5-811 - Enforcement, Defense, Abandonment or Assignment of Claims Against Trust
Section 14.5-812 - Breach of Trust
Section 14.5-813 - Duties in General
Section 14.5-814 - Prohibited Powers
Section 14.5-815 - Powers of Trustee Without Authorization of Court
Section 14.5-816 - Powers of Trustee in General
Section 14.5-817 - Distribution on Termination or Partial Termination of Trust