Upon acceptance of a trusteeship, the trustee shall administer the trust and invest the trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act in article six-c, chapter forty-four of this code, and the Uniform Principal and Income Act in chapter forty-four-b of this code.
Structure West Virginia Code
Chapter 44D. Uniform Trust Code
Article 8. Duties and Powers of Trustee
§44D-8-801. Duty to Administer Trust
§44D-8-804. Prudent Administration
§44D-8-805. Costs of Administration
§44D-8-807. Delegation by Trustee
§44D-8-809. Control and Protection of Trust Property
§44D-8-810. Recordkeeping and Identification of Trust Property
§44D-8-811. Enforcement and Defense of Claims
§44D-8-812. Collecting Trust Property
§44D-8-813. Duty to Inform and Report
§44D-8-814. Discretionary Powers; Tax Savings
§44D-8-815. General Powers of Trustee