Current through Chapter 231 of the 2024
Section 203E:815 - General powers of trustee(a) A trustee, without authorization by the court, may exercise: (1) powers conferred by the terms of the trust; or(2) except as limited by the terms of the trust: (i) all powers over the trust property which 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.(b) The exercise of a power shall be subject to the fiduciary duties prescribed by this article.Mass. Gen. Laws ch. 203E, § 815
Added by Acts 2012, c. 140,§ 56, eff. 7/8/2012.