Current through 2024 Act No. 225.
Section 62-7-815 - 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 part.(b) The exercise of a power is subject to the fiduciary duties prescribed by this part.Amended by 2013 S.C. Acts, Act No. 100 (SB 143), s 2, eff. 1/1/2014.2005 Act No. 66, Section 1.