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2023 Statute
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58a-815. (a) A trustee, without authorization by the court, may exercise: (1) Powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust: (A) All powers over the trust property which an unmarried competent owner has over individually owned property; (B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) any other powers conferred by this code. (b) The exercise of a power is subject to the fiduciary duties prescribed by this article. |
History: L. 2002, ch. 133, § 72; L. 2004, ch. 158, § 14; July 1. |
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2024. Powered by KLISS. Rendered: 2024-06-16T08:24:33. Head Rev No: 787010(I)