Minnesota Statutes 501C.0801 – Duty to Administer Trust
Current as of: 2023 | Check for updates
|
Other versions
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 chapter and all other applicable law.
Terms Used In Minnesota Statutes 501C.0801
- Trustee: A person or institution holding and administering property in trust.