General powers of trustee

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  1. (a) A trustee, without authorization by a court, may exercise:

    1. (1) powers conferred by the terms of the trust; and

    2. (2) except as limited by the terms of the trust:

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

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

      3. (C) any other powers conferred by this chapter.

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


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