Maine Revised Statutes

Me. Rev. Stat. tit. 18-A, § 7-301 (2026)

General duties not limited

✓ current as of May 2026

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(REPEALED)

SECTION HISTORY

PL 1979, c. 540, §1 (NEW). PL 2003, c. 618, §B11 (RP). PL 2003, c. 618, §B20 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).

Notes of Decisions

Cited in 6 cases, 1987–2015 · leading case: Noveletsky v. Metro. Life Ins., 49 F. Supp. 3d 123 (D. Me. 2014).

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Noveletsky v. Metro. Life Ins., 49 F. Supp. 3d 123 (D. Me. 2014). · cites it 2× “1, 1981); 18-A M.R.S.A. § 7-301 (1981) (codifying the duty of loyalty); 18-A M.”

In Re Est. of Stowell, 595 A.2d 1022 (Me. 1991). “Rand’s loans of assets from the decedent’s estate engendered a conflict of interests and violated his duty of undivided loyalty.”

Est. of Spear, 1997 ME 15 (Me. 1997). “” 18-A M.R.S.A. § 7-301 (1981). See Nasberg v.”

Est. of Utterback, 521 A.2d 1184 (Me. 1987). “Title 18-A M.R.S.A. § 7-301 (1981) states a general duty incumbent on a trustee “to administer a trust expeditiously for the benefit of the benefi- *1190 ciaries_” Section 7-302(a) requires a trustee to “observe the standards in dealing with the trust, (sic) assets that would be…”

Est. of Silsby, 914 A.2d 703 (Me. 2006). “” 18-A M.R.S.A. §§ 7-301, 7-303 (1998), repealed by P.”

Martin v. Harris (Me. Super. Ct 2015). “" 18-B M.R.S. § 804. A trustee has a general duty "to administer a trust expeditiously for the benefit of the beneficiaries," and to "keep the beneficiaries of the trust reasonably informed of the trust and its administration.”

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