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.
Fla. Stat. § 736.0801
Duty to administer trust
Known as the Florida Trust Code
The act spans §§ 736.0101–736.1303 (135 sections).
Applied in 2 court decisions — leading case Jerry Schwab v. Huntington National Bank (2013)
Most recently applied in West v. Chrisman (September 2014)
History.--s. 8, ch. 2006-217.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.