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 part.
2. (b) The exercise of a power is subject to the fiduciary duties prescribed by this part.

HISTORY: 2005 Act No. 66, SECTION 1; 2013 Act No. 100, SECTION 2, eff January 1, 2014.