Me. Rev. Stat. » Title 18-B
Maine Revised Statutes

Me. Rev. Stat. tit. 18-B, § 803 (2026)

Impartiality

✓ current as of May 2026
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If a trust has 2 or more beneficiaries, the trustee shall act impartially in investing, managing and distributing the trust property, giving due regard to the beneficiaries' respective interests.   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).
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Notes of Decisions
Cited in 2 cases, 2014–2015 · leading case: Est. of Ada Y. Greenblatt, 2014 ME 32 (Me. 2014).
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Est. of Ada Y. Greenblatt, 2014 ME 32 (Me. 2014). · cites it 3× “Thus, we proceed to analyze whether the personal representatives’ actions violated the duty of impartiality pursuant to 18-B M.R.S. § 803. [¶ 14] The duty of impartiality generally applies if there are two or more beneficiaries with interests in an estate, and it requires a…”
Martin v. Harris (Me. Super. Ct 2015). “17 Sections 802 and 803 of the Trust Code require that a trustee "administer the trust solely in the interests of the beneficiaries," and "the trustee shall act impartially in investing, managing and distributing the trust property, giving due regard to the beneficiaries'…”
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