Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/19-3B-815.htm |
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Depth: | 0 singles |
Size: | 980 bytes |
Modified: | 2008-03-24 10:34:26 |
Categories: | -None- |
Title: | 19-3B-815 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 19-3B-815 General powers of trustee. (a) A trustee, without authorization by the court, may exercise: (1) powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust: (A) all powers over the trust property which an unmarried competent 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. (b) The exercise of a power is subject to the fiduciary duties prescribed by this article. (Act 2006-216, p. 314, ยง1.) |