Ala. Code § 19-3B-815

Current with legislation from 2024 effective through April 4, 2024.
Section 19-3B-815 - General powers of trustee
(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 chapter.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.

Ala. Code § 19-3B-815 (1975)

Act 2006-216, p. 314, §1.