Sec. 815. General powers of trustee.
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/il/chapter-760/act-3/815A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 815. General powers of trustee.
(a)A trustee, without authorization by the court, may exercise:
(1)powers conferred by the trust instrument; or
(2)except as limited by the trust instrument:
(A)all powers over the trust property that an unmarried owner with legal capacity
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 Code.
(b)The exercise of a power is subject to the fiduciary duties prescribed by this Code.