Current through Public Act 103-1052
Section 760 ILCS 3/815 - General powers of trustee(a) A trustee, without authorization by the court, may exercise: (1) powers conferred by the trust instrument; or (2) except as limited by the trust instrument: (A) all powers over the trust property that an unmarried owner with legal capacity 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 Code. (b) The exercise of a power is subject to the fiduciary duties prescribed by this Code. Added by P.A. 101-0048,§ 815, eff. 1/1/2020.