Section 456.8-815

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 456

Effective - 01 Jan 2005, see footnote   

  456.8-815.  General powers of trustee. — 1.  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 sections 456.1-101 to 456.11-1106.

  2.  The exercise of a power is subject to the fiduciary duties prescribed by section 456.8-801 to 456.8-814.

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(L. 2004 H.B. 1511)

Effective 1-01-05