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.
Wis. Stat. § 701.0801
Duty to administer trust
Known as the Wisconsin Trust Code
The act spans §§ 701.0101–701.1205 (108 sections).
Applied in 1 court decision — leading case Cohen v. Minneapolis Jewish Fed'n (2017)
Most recently applied in Cohen v. Minneapolis Jewish Fed'n (December 2017)
2013 a. 92.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.