§36C-8-815. General powers of trustee

Latest version.

(a)        A trustee, without authorization by the court, may exercise any of the following:

(1)        Powers conferred by the terms of the trust.

(2)        Except as limited by the terms of the trust:

a.         All powers over the trust property that an unmarried competent owner has over individually owned property;

b.         Any other powers appropriate to achieve the proper investment, management, administration, or distribution of the trust property; and

c.         Any other powers conferred by this Chapter.

(b)        No provision of this section shall relieve a trustee of the fiduciary duties under this Article.

(2005-192, s. 2; 2006-259, s. 13(k).)

                    
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