Maryland Statutes
Subtitle 8 - Duties and Powers of Trustee
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.

Structure Maryland Statutes