§ 7780. Recordkeeping and identification of trust property - UTC 810.
139 words·~1 min read·
/pa/title-20/chapter-77/7780A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7780. Recordkeeping and identification of trust property - UTC 810.
(a)Records.-- A trustee shall keep adequate records of the administration of the trust.
(b)Commingling trust property prohibited.-- A trustee shall keep trust property separate from the trustee's own property.
(c)Designating trust property.-- Except as otherwise provided in subsection
(d)and section 3321 (relating to nominee registration; corporate fiduciary as agent; deposit of securities in a clearing corporation; book-entry securities), 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)Investing property of separate trusts.-- 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.
20c7780.1s