GO TO PASTERNAKFIDIS.COM
DC Metro Trust Code
  • About this website
  • FAQ
  • Trust code legislative history
  • About Pasternak & Fidis

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
Limit the display as desired by selecting the HIDE/SHOW buttons above each column. Access annotations by clicking
A

Hide/Show UTC · Hide/Show DC · Hide/Show MD · Hide/Show VA

UTC

§ 801. Duty to administer trust.

Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this [Code]

DC

§ 19-1308.01. Duty to administer trust.

Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter.

MD

§ 14.5-801. Administration in general.

On acceptance of a trusteeship, the trustee shall administer the trust reasonably under the circumstances [SUBSTITUTED FOR "IN GOOD FAITH"], in accordance with the terms and purposes of the trust and the interests of the beneficiaries, and in accordance with this title.

VA

§ 64.2-763. Duty to administer trust and invest

Upon acceptance of a trusteeship, the trustee shall administer the trust and invest trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act (§ 64.2-780 et seq.) and the Uniform Principal and Income Act (§ 64.2-1000 et seq.).

← Previous Article Next Article →

The materials available on this site are for informational purposes only and not for the purpose of providing legal advice. While we make every effort to present accurate and reliable information on this site, we cannot guarantee its accuracy or completeness.

Current Through: 7/25/2019

Copyright © 2022 Pasternak & Fidis, P.C. All rights reserved. DCMetroTrustCode.com

7101 Wisconsin Avenue, Suite 1025

Bethesda, MD 20814

phone 301.656.8850 · fax 301.656.3053