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

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

   2. (b) 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) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
      3. (iii) any other powers conferred by this chapter.
2. (2) The exercise of a power is subject to the fiduciary duties prescribed by 72-38-801 through 72-38-817.

History: En. Sec. 102, Ch. 264, L. 2013.