North Dakota § 59-16-10 (810) Recordkeeping and identification of trust property

North Dakota Statutes

§ 59-16-10 — (810) Recordkeeping and identification of trust property

North Dakota·Title 59 Trusts, Uses, and Powers·Ch. 59-16 Duties and Powers of Trustee

1.A trustee shall keep adequate records of the administration of the trust.

2.A trustee shall keep trust property separate from the trustee's own property.

3.Except as otherwise provided in subsection 4, a trustee, other than a trustee granted trust or fiduciary powers from a federal or state authority, 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.

4.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.

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1. A trustee shall keep adequate records of the administration of the trust.
2. A trustee shall keep trust property separate from the trustee's own property.
3. Except as otherwise provided in subsection 4, a trustee, other than a trustee granted
trust or fiduciary powers from a federal or state authority, 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.
4. 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.

North Dakota § 59-16-10 ((810) Recordkeeping and identification of trust property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.