§ 36C-8-810. Record keeping and identification of trust property. - North Carolina Statutes

§ 36C‑8‑810. Record keeping and identification of trust property.

(a)        A trustee shallkeep adequate records of the administration of the trust.

(b)        A trustee shallkeep trust property separate from the trustee's own property.

(c)        Except as otherwiseprovided in subsection (d) of this section, a trustee shall cause the trustproperty to be designated so that the interest of the trust, to the extentfeasible, appears in records maintained by a party other than a trustee orbeneficiary.

(d)        If the trustee maintainsrecords clearly indicating the respective interests, a trustee may invest andadminister as a whole the property of two or more separate trusts. (2005‑192, s. 2; 2007‑106,s. 34.1.)