1. (a) A trustee, without authorization by the 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.

History

Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208

Editor's Notes

Uniform Law: This section is based upon § 815 of the Uniform Trust Code.

Section References

This section is referenced in § 19-1308.16.