Except to the extent that the governing trust instrument clearly manifests an intention that the trustee shall or may favor one or more of the beneficiaries, a trustee shall administer a trust impartially based on what is fair and reasonable to all of the beneficiaries and with due regard to the respective interests of income beneficiaries and remainder beneficiaries.
Section: Previous 53-12-240 53-12-241 53-12-242 53-12-243 53-12-244 53-12-245 53-12-246 53-12-247Last modified: October 14, 2016