Section 30-3880 - (UTC 815) General powers of trustee(UTC 815)
(a) A trustee, without authorization by the court, may exercise: (1) powers conferred by the terms of the trust; and(2) except as limited by the terms of the trust: (A) all powers over the trust property which an unmarried competent owner 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 the Nebraska Uniform Trust Code.(b) The exercise of a power is subject to the fiduciary duties prescribed by sections 30-3866 to 30-3882.(c) The changes made to this section by Laws 2019, LB593, shall apply retroactively to August 30, 2015.Neb. Rev. Stat. § 30-3880
Laws 2003, LB 130, § 80; Laws 2015, LB 72,§ 1; Laws 2017, LB 268,§ 4; Laws 2019, LB 593,§ 2. Amended by Laws 2019, LB 593,§ 2, eff. 5/31/2019.Amended by Laws 2017, LB 268,§ 4, eff. 8/24/2017.Amended by Laws 2015, LB 72,§ 1, eff. 8/30/2015.