General powers of trustee.
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: All powers over the trust property which an unmarried competent owner has over individually owned property; Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and Any other powers conferred by this chapter. The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.
Annotations
Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208 Uniform Law: This section is based upon § 815 of the Uniform Trust Code. This section is referenced in § 19-1308.16.
Sourced from the DC Council Open Law Library (public domain).
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