Current through 2024 Legislative Session
Section 59-16-10 - (810) Recordkeeping and identification of trust property1. 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, a trustee, other than a trustee granted trust or fiduciary powers from a federal or state authority, 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.