Maine Revised Statutes
Chapter 8: DUTIES AND POWERS OF TRUSTEE
18-B §815. General powers of trustee

§815. General powers of trustee
1.  General powers.  A trustee, without authorization by the court, may exercise:  
A. Powers conferred by the terms of the trust; and   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
B. Except as limited by the terms of the trust:  
(1) All powers over the trust property that an unmarried competent owner has over individually owned property;  
(2) Any other powers appropriate to achieve the proper investment, management and distribution of the trust property; and  
(3) Any other powers conferred by this Code.   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
2.  Subject to fiduciary duties.  The exercise of a power is subject to the fiduciary duties prescribed by this chapter.  
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).

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