35-15-815 - General powers of trustee. - Tennessee Statutes

35-15-815. 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 investment, management, and distribution of the trust property; and

          (C)  Any other powers conferred by this chapter.

(b)  The exercise of a power is subject to the fiduciary duties prescribed by this part.

[Acts 2004, ch. 537, § 73.]