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Comparison of Uniform Trust Code, DC Trust Code, Maryland Trust Act, and Virginia Trust Code, with Annotations

  • Preamble
  • Article 1
  • Article 2
  • Article 3
  • Article 4
  • Article 5
  • Article 6
  • Article 7
  • Article 8
  • UPIA-UTC Article 9
  • Article 10
  • Article 11
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UTC

§ 7. Investment Costs.

In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.

DC

Omitted.

MD

§ 15-114. Guidelines and standards for investment of assets

(b) A fiduciary shall:
(8) Incur only costs that are reasonable in amount and appropriate to the investment responsibilities of the fiduciary appointment [MISSING "AND THE SKILLS OF THE TRUSTEE."].

VA

§ 64.2-786. Investment costs

In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.

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