Vt. Stat. tit. 14A § 815

Current through L. 2024, c. 142.
Section 815 - General powers of trustee
(a) A trustee, without authorization by the Probate Division of the Superior 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 this title.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this chapter.

14A V.S.A. § 815

Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. 2/1/2011.