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 applicable law.
20 Pa.C.S. § 7771
Duty to administer trust - UTC 801
Known as the Probate, Estates and Fiduciaries Code
The act spans §§ 20–20 (744 sections).
(July 15, 2024, P.L.786, No.64, eff. 90 days)
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.