§60-1608.9. Recordkeeping and identification of trust property.
109 words·~1 min read·
/ok/title-60-property/60-1608-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A trustee shall keep adequate records of the administration of the trust.
B. A trustee shall keep trust property separate from the trustee's own property.
C. 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.
D. 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. Added by Laws 2025, c. 254, § 57, eff. Nov. 1, 2025.