Mont. Code Ann. § 72-38-815

General powers of trustee

Known as the Montana Uniform Trust Code

The act spans §§ 72–72 (139 sections).

(1) A trustee, without authorization by the court, may exercise:

(a) powers conferred by the terms of the trust; and

(b) 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) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

(iii) any other powers conferred by this chapter.

(2) The exercise of a power is subject to the fiduciary duties prescribed by 72-38-801 through 72-38-817.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.