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Home » US Law » 2022 Minnesota Statutes » Chapters 500 - 515B — Property And Property Interests » Chapter 501C — Trusts » DUTIES AND POWERS OF TRUSTEE » Section 501C.0810 — Record Keeping And Identification Of Trust Property.
501C.0810 RECORD KEEPING AND IDENTIFICATION OF TRUST PROPERTY.

(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) 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.

History:

2015 c 5 art 8 s 8