Current with changes from the 2024 Legislative Session
Section 14.5-815 - Powers of trustee without authorization of court(a) A trustee, without authorization by the court, may exercise:(1) Powers conferred by the terms of the trust; or(2) Except as limited by the terms of the trust: (i) All powers over the trust property that an unmarried competent owner has over individually owned property;(ii) Other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and(iii) Other powers conferred by this title or Title 15, Subtitle 6 of this article.(b) The exercise of a power described in subsection (a) of this section is subject to the fiduciary duties prescribed by this title.Amended by 2016 Md. Laws, Ch. 365,Sec. 1, eff. 10/1/2016.Amended by 2016 Md. Laws, Ch. 364,Sec. 1, eff. 10/1/2016.Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.