- 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 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.
- 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.
(L. 2004 H.B. 1511)
Effective 1-01-05, see § 456.11-1104