West Virginia Statutes
§ 44D-8-801 — Duty to administer trust
Upon acceptance of a trusteeship, the trustee shall administer the trust and invest the trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act in article six-c, chapter forty-four of this code, and the Uniform Principal and Income Act in chapter forty-four-b of this code.
Free access — add to your briefcase to read the full text and ask questions with AI
West Virginia § 44D-8-801 (Duty to administer trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2011 Reg. Sess., HB2551
Nearby Sections
15
§ 44D-1-101
Short title§ 44D-1-102
Scope§ 44D-1-103
Definitions§ 44D-1-104
Knowledge§ 44D-1-105
Default and mandatory rules§ 44D-1-106
Common law of trusts; principles of equity§ 44D-1-107
Governing law§ 44D-1-108
Principal place of administration§ 44D-1-109
Methods and waiver of notice§ 44D-1-110
Others treated as qualified beneficiaries§ 44D-1-111
Nonjudicial settlement agreements§ 44D-1-112
Rules of construction§ 44D-1-113
Insurable interest of trustee§ 44D-10-1001
Remedies for breach of trust§ 44D-10-1002
Damages for breach of trust