If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
Mo. Rev. Stat. § 469.906
Multiple beneficiaries, duty owed to whom
Known as the Uniform Fiduciaries Law
The act spans §§ 469–469 (73 sections).
Effective: 28 Aug 2004; (L. 1996 H.B. 1432, A.L. 2004 H.B. 1511)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.