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NEW HAMPSHIRE STATUTES AND CODES

Section 564-B:8-815 General Powers of Trustee.


      (a) 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 which an unmarried competent owner has over individually owned property;
            (B) any other powers appropriate to achieve the proper administration, investment, management, and distribution of the trust property; and
            (C) any other powers conferred by this chapter or other laws of this state.
      (b) The exercise of a power is subject to the fiduciary duties prescribed by this article.
      (c) The powers of a trustee are subject to the provisions of RSA 564-A:3, IV.

Source. 2004, 130:1. 2005, 270:27, eff. Sept. 20, 2005.

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