New Hampshire Statutes

§ 564-B:8-810 — Recordkeeping and Identification of Trust Property

New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-B NEW HAMPSHIRE TRUST CODE·Subdivision ARTICLE 8DUTIES AND POWERS OF TRUSTEE
(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) and in RSA 564-B:8-816(a)(7)(B), 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 2 or more separate trusts.

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Legislative History

2004, 130:1. 2005, 270:24, eff. Sept. 20, 2005.

Nearby Sections

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