Massachusetts General Laws ch. 203E sec. 815 – General powers of trustee
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Section 815. General powers of trustee
Terms Used In Massachusetts General Laws ch. 203E sec. 815
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
(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.