Current through Chapter 253 of the 2024 Legislative Session
Section 554D-810 - Recordkeeping and identification of trust property(a) A trustee shall keep adequate records of the administration of the trust.(b) A trustee shall keep trust property separate from the trustee's own property.(c) Except as otherwise provided in subsection (d), a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.(d) 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.Added by L 2021, c 32,§ 2, eff. 1/1/2022.