Md. Code, Est. & Trusts § 14.5-815

Current with changes from the 2024 Legislative Session
Section 14.5-815 - Powers of trustee without authorization of court
(a) A trustee, without authorization by the court, may exercise:
(1) Powers conferred by the terms of the trust; or
(2) Except as limited by the terms of the trust:
(i) All powers over the trust property that an unmarried competent owner has over individually owned property;
(ii) Other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(iii) Other powers conferred by this title or Title 15, Subtitle 6 of this article.
(b) The exercise of a power described in subsection (a) of this section is subject to the fiduciary duties prescribed by this title.

Md. Code, ET § 14.5-815

Amended by 2016 Md. Laws, Ch. 365,Sec. 1, eff. 10/1/2016.
Amended by 2016 Md. Laws, Ch. 364,Sec. 1, eff. 10/1/2016.
Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.