Section 815 - General powers of trustee1.General powers. A trustee, without authorization by the court, may exercise:A. Powers conferred by the terms of the trust; and [2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]B. Except as limited by the terms of the trust:(1) All powers over the trust property that 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 Code. [2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).][2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]
2.Subject to fiduciary duties. The exercise of a power is subject to the fiduciary duties prescribed by this chapter.[2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]
2003, c. 618, §A1 (NEW) . 2003, c. 618, §A2 (AFF) .