Connecticut General Statutes 45a-499aaa – Duty to administer trust
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Upon acceptance of a trusteeship, the trustee shall administer the trust (1) in good faith; (2) in accordance with its terms and purposes, settlor‘s intent and the interests of the beneficiaries; and (3) in accordance with sections 45a-487j to 45a-487t, inclusive, and 45a-499a to 45a-500s, inclusive.
Terms Used In Connecticut General Statutes 45a-499aaa
- Interests of the beneficiaries: means the beneficial interests provided in the terms of the trust. See Connecticut General Statutes 45a-499c
- Settlor: means a person, including a testator, that creates or contributes property to a trust. See Connecticut General Statutes 45a-499c