Massachusetts General Laws ch. 203E sec. 803 – Impartiality
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Section 803. Impartiality
Terms Used In Massachusetts General Laws ch. 203E sec. 803
- Trustee: A person or institution holding and administering property in trust.
If a trust has 2 or more beneficiaries, the trustee shall act impartially in investing, managing and distributing the trust property, giving due regard to the beneficiaries’ respective interests.