Property Ownership
Vermont's Uniform Trust Code affects real estate held in trust by:
ARequiring court approval for all trust real estate transfers
BGoverning the administration of trusts that hold real property and the authority of trustees to deal with that property✓ Correct
CSetting maximum trust fees for Vermont trustees
DRequiring all trusts to be registered with the state
Explanation
Vermont's Uniform Trust Code governs trust administration, including the authority of trustees to buy, sell, mortgage, and manage real property held in trust, subject to the trust document and applicable fiduciary duties.
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