Powers of trustee without authorization of court.

  1. Law
  2. Maryland Code
  3. Estates and Trusts
  4. Maryland Trust Act.
  5. Duties and Powers of Trustee.
  6. Powers of trustee without authorization of court.

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

        (1)    Powers conferred by the terms of the trust; or

        (2)    Except as limited by the terms of the trust:

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

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

            (iii)    Other powers conferred by this title or Title 15, Subtitle 6 of this article.

    (b)    The exercise of a power described in subsection (a) of this section is subject to the fiduciary duties prescribed by this title.


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