Current through 2024, ch. 69
Section 46A-8-815 - General powers of trusteeA. 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 that 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 the Uniform Trust Code [46A-1-101 NMSA 1978].B. The exercise of a power is subject to the fiduciary duties prescribed by Chapter 46A, Article 8 NMSA 1978. Laws 2003, ch. 122, § 8 -815; 2007, ch. 128, § 24.