§ 7780.5. Powers of trustees - UTC 815.
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/pa/title-20/chapter-77/7780-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7780.5. Powers of trustees - UTC 815.
(a)Exercise of power.-- Except as otherwise provided in the terms of the trust or in other provisions of this title, a trustee has all the powers over the trust property that an unmarried competent owner has over individually owned property and may exercise those powers without court approval from the time of creation of the trust until final distribution of the assets of the trust.
(b)(Reserved).
20c7780.5v
(July 15, 2024, P.L.786, No.64, eff. 90 days)
2024 Amendment. Act 64 amended subsec. (a). See section 11 of Act 64 in the appendix to this title for special provisions relating to Uniform Trust Code.
Cross References. Section 7780.5 is referred to in sections 7780.6, 7790.2 of this title.
20c7780.6s