Effective - 01 Jan 2005
456.8-815. General powers of trustee. — 1. A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust:
(a) all powers over the trust property which an unmarried competent owner has over individually owned property;
(b) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(c) any other powers conferred by sections 456.1-101 to 456.11-1106.
2. The exercise of a power is subject to the fiduciary duties prescribed by section 456.8-801 to 456.8-814.
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(L. 2004 H.B. 1511)
Effective 1-01-05