Section 815: General powers of trustee
96 words·~1 min read·
/ma/part-ii/title-ii/chapter-203e/815·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 815. General powers of trustee
(a)A trustee, without authorization by the court, may exercise:
(1)powers conferred by the terms of the trust; or
(2)except as limited by the terms of the trust:
(i)all powers over the trust property which an unmarried competent owner has over individually owned property;
(ii)any other powers appropriate to achieve the proper investment, management and distribution of the trust property; and
(iii)any other powers conferred by this chapter.
(b)The exercise of a power shall be subject to the fiduciary duties prescribed by this article.