Rhode Island General Laws 18-15-6. Impartiality
Current as of: 2024 | Check for updates
|
Other versions
If a trust has two (2) or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
History of Section.
P.L. 1996, ch. 276, § 1.
Terms Used In Rhode Island General Laws 18-15-6
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.