Hawaii Revised Statutes 554a. Uniform Trustees' Powers Act

• 554a-1 Definitions.
  As used in this chapter: "Prudent person" means a trustee whose exercise of trust powers is reasonable and equitable in view of the interests...
• 554a-2 Powers of Trustee Conferred by Trust or by Law.
  (a) The trustee has all powers conferred upon the trustee by this chapter unless limited in the trust instrument and except as is otherwise...
• 554a-3 Powers of Trustees Conferred by This Chapter.
  (a) From time of creation of the trust until final distribution of the assets of the trust, a trustee has the power to perform,...
• 554a-4 Trustee's Office Not Transferable.
  The trustee shall not transfer the trustee's office to another or delegate the entire administration of the trust to a co-trustee or another. [L...
• 554a-5 Power of Court to Permit Deviation or to Approve Transactions Involving Conflict of Interest.
  (a) This chapter does not affect the power of a court of competent jurisdiction for cause shown and upon petition of the trustee or...
• 554a-6 Powers Exercisable by Joint Trustees; Liability.
  (a) Any power vested in three or more trustees may be exercised by a majority, but a trustee who has not joined in exercising...
• 554a-7 Third Persons Protected in Dealing With Trustee.
  With respect to a third person dealing with a trustee or assisting a trustee in the conduct of a transaction, the existence of trust...
• 554a-8 Application of Chapter.
  Except as specifically provided in the trust, the provisions of this chapter apply to any trust with a situs in Hawaii, whenever established. [L...
• 554a-9 Uniformity of Interpretation.
  This chapter shall be construed to effectuate its general purpose to make uniform the law of those states which enact it. [L 1985, c...
• 554a-10 Short Title.
  This chapter may be cited as the "Uniform Trustees' Powers Act". [L 1985, c 61, pt of §1]
• 554a-11 Severability.
  If any provisions of this chapter or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other...

Last modified: October 27, 2016