|   |  | 7.__Act in best interests of beneficiaries.__In voting shares  |  | of stock or in exercising powers of control over similar  |  | interests in other forms of enterprise, the trustee shall act in  |  | the best interests of the beneficiaries. If the trust is the sole  |  | owner of a corporation or other form of enterprise, the trustee  |  | shall elect or appoint directors or other managers who will  |  | manage the corporation or enterprise in the best interests of the  |  | beneficiaries. |  
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 |   |  | 8.__Transactions not precluded.__This section does not  |  | preclude the following transactions, if fair to the  |  | beneficiaries: |  
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 |   | | A.__An agreement between a trustee and a beneficiary  |  | relating to the appointment or compensation of the trustee; |  
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 |   | | B.__Payment of reasonable compensation to the trustee; |  
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 |   | | C.__A transaction between a trust and another trust or a  |  | decedent's estate, a conservatorship or a guardianship of  |  | which the trustee is a fiduciary or in which a beneficiary  |  | has an interest; |  
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 |   | | D.__A deposit of trust money in a regulated financial  |  | service institution operated by the trustee; or |  
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 |   | | E.__An advance by the trustee of money for the protection of  |  | the trust. |  
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 |   |  | 9.__Appointment of special fiduciary.__The court may appoint a  |  | special fiduciary to make a decision with respect to any proposed  |  | transaction that might violate this section if entered into by  |  | the trustee. |  
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 |   |  | 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. |  
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 |   | | §804.__Prudent administration |  
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 |   |  | A trustee shall administer the trust as a prudent person  |  | would, by considering the purposes, terms, distributional  |  | requirements and other circumstances of the trust.__In satisfying  |  | this standard, the trustee shall exercise reasonable care, skill  |  | and caution. |  
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 |   | | §805.__Costs of administration |  
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