(1) A trustee, without authorization by the court, may exercise powers conferred by the terms of the trust and, except as limited by the terms of the trust:
- (a) All powers over the trust property that an unmarried financially capable 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 this chapter.
- (2) The exercise of a power is subject to the fiduciary duties prescribed by ORS 130.650 to 130.730.
[2005 c.348 §74]