Current through the 2023 Regular Session
Section 72-38-815 - 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: (i) all powers over the trust property that an unmarried competent owner has over individually owned property;(ii) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and(iii) any other powers conferred by this chapter.(2) The exercise of a power is subject to the fiduciary duties prescribed by 72-38-801 through 72-38-817.Added by Laws 2013, Ch. 264, Sec. 102, eff. 10/1/2013.