Miss. Code Ann. § 91-8-815

General powers of trustee

Known as the Mississippi Uniform Trust Code

The act spans §§ 91–91 (104 sections).

Laws, 2014, ch. 421, § 73, eff from and after July 1, 2014.

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:

All powers over the trust property which an unmarried competent owner has over individually owned property;

Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

Any other powers conferred by this chapter.

The exercise of a power is subject to the fiduciary duties prescribed by this article.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.