N.C. Gen. Stat. § 36C-8-815
General powers of trustee
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) A trustee, without authorization by the court, may exercise any of the following: Powers conferred by the terms of the trust.
(1) A trustee, without authorization by the court, may exercise any of the following: Powers conferred by the terms of the trust.
(2) Except as limited by the terms of the trust: All powers over the trust property that an unmarried competent owner has over individually owned property;
(2) Except as limited by the terms of the trust: All powers over the trust property that an unmarried competent owner has over individually owned property;
(3) Any other powers appropriate to achieve the proper investment, management, administration, or distribution of the trust property; and
(3) Any other powers appropriate to achieve the proper investment, management, administration, or distribution of the trust property; and
(4) Any other powers conferred by this Chapter.
(4) Any other powers conferred by this Chapter.
(5) No provision of this section shall relieve a trustee of the fiduciary duties under this Article.
(5) No provision of this section shall relieve a trustee of the fiduciary duties under this Article.
History
(2005-192, s. 2; 2006-259, s. 13(k).)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.