72-34-106. Duty not to undertake adverse trust. The trustee of one trust has a duty not to knowingly become a trustee of another trust adverse in its nature to the interest of the beneficiary of the first trust, and a duty to eliminate the conflict or resign as trustee when the conflict is discovered.
History: En. Sec. 78, Ch. 685, L. 1989.
72-34-106. Duty not to undertake adverse trust. The trustee of one trust has a duty not to knowingly become a trustee of another trust adverse in its nature to the interest of the beneficiary of the first trust, and a duty to eliminate the conflict or resign as trustee when the conflict is discovered.
History: En. Sec. 78, Ch. 685, L. 1989.
72-34-106. Duty not to undertake adverse trust. The trustee of one trust has a duty not to knowingly become a trustee of another trust adverse in its nature to the interest of the beneficiary of the first trust, and a duty to eliminate the conflict or resign as trustee when the conflict is discovered.
History: En. Sec. 78, Ch. 685, L. 1989.
