72-34-301. General powers of trustee.
72-34-301. General powers of trustee. A trustee has the following powers without the need to obtain court authorization:
(1) the powers conferred by the trust instrument;
(2) except as limited in the trust instrument, the powers conferred by statute; and
(3) except as limited in the trust instrument, the power to perform any act that a trustee would perform for the purposes of the trust under the standard of care provided in 72-34-114.
History: En. Sec. 105, Ch. 685, L. 1989.