(a) A trustee shall keep adequate records of the administration of the trust.

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Terms Used In Minnesota Statutes 501C.0810

  • Trustee: A person or institution holding and administering property in trust.

(b) A trustee shall keep trust property separate from the trustee’s own property.

(c) 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.