Internal Revenue Code: Federal tax regulations that govern trust taxation, reporting requirements, and compliance standards for trust administration
Uniform Trust Code: Model law providing standardized rules for trust administration and management, adopted by many states with local variations
ERISA: Employee Retirement Income Security Act - Federal law governing employee benefit trusts and their administration
State Trust Code: State-specific legislation governing trust formation, administration, and enforcement within the particular state's jurisdiction
Prudent Investor Rule: State law standard requiring trustees to invest and manage trust assets as a prudent investor would, considering the purposes, terms, distribution requirements, and other circumstances of the trust
Corporate Record-Keeping Requirements: State-specific requirements for maintaining corporate records, including meeting minutes, resolutions, and other official documentation
Meeting Procedure Requirements: Legal requirements for proper notice, quorum, voting procedures, and documentation of trust meetings
Documentation Standards: Legal requirements for format, content, and retention of trust meeting minutes and related documentation
Privacy Regulations: Federal and state laws governing the protection and handling of sensitive trust and beneficiary information
Securities Regulations: SEC and state securities regulations applicable to trusts holding investment securities
Trust Document Compliance: Requirements to ensure meeting minutes align with the original trust document, bylaws, and established operating procedures
