Ky. Rev. Stat. § 386B.8-150

Current through 2024 Ky. Acts ch. 225
Section 386B.8-150 - General powers of trustee
(1) A trustee, without authorization by the court, may exercise:
(a) Powers conferred by the terms of the trust; and
(b) Except as limited by the terms of the trust:
1. All powers over the trust property which an unmarried competent owner has over individually owned property;
2. Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
3. Any other powers conferred by this chapter.
(2) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.

KRS 386B.8-150

Added by 2014 Ky. Acts ch. 25,§ 74, eff. 7/15/2014.