Upon acceptance of a trusteeship, the trustee shall administer the trust and invest the trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter. In administering, managing and investing trust assets, the trustee shall comply with the provisions of the Uniform Prudent Investor Act in article six-c, chapter forty-four of this code, and the Uniform Principal and Income Act in chapter forty-four-b of this code.
W. Va. Code § 44D-8-801
Duty to administer trust
Known as the West Virginia Uniform Trust Code
The act spans §§ 44–44 (98 sections).
Applied in 1 court decision — leading case Robert Paul Jackson v. Pamela S. Brown, Administratrix, etc. (2017)
Most recently applied in Robert Paul Jackson v. Pamela S. Brown, Administratrix, etc. (June 2017)
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.