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

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

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

      1. (i) All powers over the trust property that an unmarried competent owner has over individually owned property;
      2. (ii) Other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
      3. (iii) Other powers conferred by this title or Title 15, Subtitle 6 of this article.
2. (b) The exercise of a power described in subsection (a) of this section is subject to the fiduciary duties prescribed by this title.

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015. Amended by Acts 2016, c. 364, § 1, eff. Oct. 1, 2016; Acts 2016, c. 365, § 1, eff. Oct. 1, 2016.