careful allocation of fiduciary duties. The UDTA’s basic approach is to take the law of trusteeship and attach it to whichever … person holds the powers of trusteeship, even if that person is not formally a trustee. Thus, under the UDTA the fiduciary …). The second innovation is a comprehensive treatment of non-fiduciary issues, such as appointment, vacancy, and limitations …

subject to a sacred trust known in the law as fiduciary duty. Recently, these trustees have come under increasing pressure to … investors of all stripes, but many trustees have resisted its use on the grounds that doing so may violate the fiduciary duty of … loyalty. Under the “sole interest rule” of trust fiduciary law, a trustee must consider only the interests of the beneficiary …