(a) A trustee, without authorization by the court, may exercise any of the following:
(1) Powers conferred by the terms of the trust.
(2) Except as limited by the terms of the trust:
a. All powers over the trust property that an unmarried competent owner has over individually owned property;
b. Any other powers appropriate to achieve the proper investment, management, administration, or distribution of the trust property; and
c. Any other powers conferred by this Chapter.
(b) No provision of this section shall relieve a trustee of the fiduciary duties under this Article. (2005-192, s. 2; 2006-259, s. 13(k).)
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Last modified: March 23, 2014