South Carolina Code 62-7-815. General powers of trustee
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(a) A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
Terms Used In South Carolina Code 62-7-815
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
(2) except as limited by the terms of the trust:
(A) all powers over the trust property which an unmarried competent owner 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 part.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this part.