Section 3.48 Corporate Transactions

• Library: Trusts and Powers 2013 Supp

10. (§3.48) Corporate Transactions

A trustee cannot use a corporation to escape the fiduciary duties promulgated under the MUTC. For example, a trustee who would be mandated, by a duty of impartiality, to make current distributions to current beneficiaries cannot avoid that obligation by holding assets in corporate form and arguing that the corporate directors may use their...