§ 75-7-813. General powers of trustee.

Latest version.

(1)

A trustee, without authorization by the court, may exercise:

(a)	powers conferred by the terms of the trust; or

(b)

except as limited by the terms of the trust:

(i)	all powers over the trust property which an unmarried competent owner has over individually owned property;

(ii)	any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

(iii)

any other powers conferred by this chapter.

(2)	The exercise of a power is subject to the fiduciary duties prescribed by this part.

Enacted by Chapter 89, 2004 General Session

                    
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