LD 921
pg. 34
Page 33 of 58 PUBLIC Law Chapter 618 Page 35 of 58
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LR 466
Item 1

 
§811.__Enforcement and defense of claims

 
A trustee shall take reasonable steps to enforce claims of the
trust and to defend claims against the trust.

 
§812.__Collecting trust property

 
A trustee shall take reasonable steps:

 
1.__Compel delivery.__To compel a former trustee or other
person to deliver trust property to the trustee; and

 
2.__Redress breach.__To redress a breach of trust known to the
trustee to have been committed by a former trustee.

 
§813.__Duty to inform and report

 
1.__Inform beneficiaries.__A trustee shall keep the qualified
beneficiaries of the trust reasonably informed about the
administration of the trust and of the material facts necessary
for them to protect their interests.__Unless a request is
unreasonable under the circumstances, a trustee shall promptly
respond to a qualified beneficiary's request for that trustee's
reports and other information reasonably related to the
administration of the trust.

 
2.__Information.__A trustee:

 
A.__Upon request of a beneficiary, shall promptly furnish to
the beneficiary a copy of the trust instrument;

 
B.__Within 60 days after accepting a trusteeship, shall
notify the qualified beneficiaries of the acceptance and of
the trustee's name, address and telephone number;

 
C.__Within 60 days after the date the trustee acquires
knowledge of the creation of an irrevocable trust, or the
date the trustee acquires knowledge that a formerly
revocable trust has become irrevocable, whether by the death
of the settlor or otherwise, shall notify the qualified
beneficiaries of the trust's existence, of the identity of
the settlor or settlors, of the right to request a copy of
the trust instrument and of the right to a trustee's report
as provided in subsection 3; and

 
D.__Shall notify the qualified beneficiaries in advance of
any change in the method or rate of the trustee's
compensation.


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