Me. Rev. Stat. tit. 18-B, ch. 8 – Duties and Powers of Trustee | Midpage

Collections
Maine Revised Statutes

Chapter 8

Me. Rev. Stat. tit. 18-B, ch. 8

Duties and Powers of Trustee

801Duty to administer trust 802Duty of loyalty 803Impartiality 804Prudent administration 805Costs of administration 806Trustee's skills 807Delegation by trustee 809Control and protection of trust property 810Record keeping and identification of trust property 811Enforcement and defense of claims 812Collecting trust property 813Duty to inform and report 814Discretionary powers; tax savings 815General powers of trustee 816Specific powers of trustee 817Distribution upon termination