SECTION 815. General powers of trustee

Latest version.

(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.

                    
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