Any corporation, association, or person handling or investing trust funds as a fiduciary shall be governed in the handling and investment of such funds as in this chapter specified. A fiduciary who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with requirements of this chapter. The specific requirements of this chapter may be expanded, restricted, eliminated, or otherwise altered by provisions of the controlling instrument.
RCW 11.100.010
Provisions of chapter to control—Alteration by controlling instrument.
Applied in 1 court decision — leading case 43 Wash. App. 673 - Baker Boyer National Bank v. Garver (1986)
Most recently applied in 43 Wash. App. 673 - Baker Boyer National Bank v. Garver (May 1986)
1995 c 307 s 1; 1985 c 30 s 63
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.