[ §554D-815] General powers of trustee.
102 words·~1 min read·
/hi/554d-815A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[ §554D-815] General powers of trustee.
(a)A trustee, without authorization by the court, may exercise:
(1)Powers conferred by the terms of the trust; and
(2)Except as limited by the terms of the trust:
(A)All powers over the trust property that an unmarried competent owner has over individually owned property;
(B)Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(C)Any other powers conferred by this chapter.
(b)The exercise of a power is subject to the fiduciary duties prescribed by this part. [L 2021, c 32, pt of §2]