Upon acceptance of a trusteeship, the trustee shall administer the trust until such time as the trust terminates or a successor trustee is appointed and all assets are delivered in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter.
Structure Mississippi Code
Chapter 8 - Mississippi Uniform Trust Code
Article 8 - Duties and Powers of Trustee
§ 91-8-801. Duty to administer trust
§ 91-8-804. Prudent administration
§ 91-8-805. Costs of administration
§ 91-8-807. Delegation by trustee
§ 91-8-809. Control and protection of trust property
§ 91-8-810. Recordkeeping and identification of trust property
§ 91-8-811. Enforcement and defense of claims
§ 91-8-812. Collecting trust property
§ 91-8-813. Duty to inform and report
§ 91-8-814. Exercise of powers over discretionary and other interests; tax savings
§ 91-8-815. General powers of trustee