Maine Revised Statutes Title 18-B Sec. 801 – Duty to administer trust
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Terms Used In Maine Revised Statutes Title 18-B Sec. 801
- Trustee: A person or institution holding and administering property in 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).