§36C-8-810. Record keeping and identification of trust property  


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  • (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) of this section, 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 and administer as a whole the property of two or more separate trusts.

(2005-192, s. 2; 2007-106, s. 34.1.)