North Dakota Code 59-16-03 – (803) Impartiality
Current as of: 2023 | Check for updates
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If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.
Terms Used In North Dakota Code 59-16-03
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Trustee: A person or institution holding and administering property in trust.