Current through the 2024 Regular Session.
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.