Recordkeeping and identification of trust property.
A trustee shall keep adequate records of the administration of the trust. A trustee shall keep trust property separate from the trustee’s own property. 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. 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.
Annotations
Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208 Uniform Law: This section is based upon § 810 of the Uniform Trust Code.
Sourced from the DC Council Open Law Library (public domain).
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