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Current as of January 01, 2022 | Updated by FindLaw Staff
1. Adequate records of administration. A trustee shall keep adequate records of the administration of the trust.
2. Separation of property. A trustee shall keep trust property separate from the trustee's own property.
3. Interest of trust, records. Except as otherwise provided in subsection 4, a trustee not subject to federal or state banking regulation 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 to whom the trustee has delivered the property.
4. Two or more trusts. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of 2 or more separate trusts.
Cite this article: FindLaw.com - Maine Revised Statutes Title 18-B. Trusts § 810. Record keeping and identification of trust property - last updated January 01, 2022 | https://codes.findlaw.com/me/title-18-b-trusts/me-rev-st-tit-18-b-sect-810/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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