75B-2-813. General powers of trustee.
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Effective 5/7/2025
75B-2-813. General powers of trustee.
(1)A trustee, without authorization by the court, may exercise:
(a)powers conferred by the terms of the trust; or
(b)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)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.
(2)The exercise of a power is subject to the fiduciary duties prescribed by this part.
Renumbered and Amended by Chapter 310 , 2025 General Session