(a) A trustee, without authorization by the court, may exercise: (1) powers conferred by the trust instrument; or (2) except as limited by the trust instrument: (A) all powers over the trust property that an unmarried owner with legal capacity 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 Code. (b) The exercise of a power is subject to the fiduciary duties prescribed by this Code.
760 ILCS 3/815
General powers of trustee
P.A. 101-48, eff. 1-1-20.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.