§ 75-7-808. Recordkeeping and identification of trust property.

Latest version.

(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 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.

Enacted by Chapter 89, 2004 General Session

                    
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