§ 14.5-815
103 words·~1 min read·
/md/estates-and-trusts/14-5-815·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14.5–815.
(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 that an unmarried competent owner has over individually owned property;
(ii)Other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(iii)Other powers conferred by this title or Title 15, Subtitle 6 of this article.
(b)The exercise of a power described in subsection
(a)of this section is subject to the fiduciary duties prescribed by this title.