73 – Affirmative Defense in Action Against Transferee of Trust Assets or to Charge Trustee in Certain Cases; “Notice of lending.”
§ 73. Affirmative defense in action against transferee of trust assets or to charge trustee in certain cases; “Notice of Lending.” 1. In any action against a person to whom trust assets have been transferred, to recover assets diverted from the trust or to recover damages for the diversion, a transferee named in a “Notice […]
74 – Authority of Trustee in Administering Trust Funds.
§ 74. Authority of trustee in administering trust funds. 1. Subject to subdivisions two and three of this section, the trustee is authorized to determine the order and manner of payment of any trust claims and to apply any trust asset to any purpose of the trust. 2. The authority of the trustee provided in […]