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

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Terms Used In Alabama Code 19-3B-815

  • Fiduciary: A trustee, executor, or administrator.
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • Trustee: A person or institution holding and administering property in trust.
(1) powers conferred by the terms of the trust; and
(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 chapter.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.
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