Missouri Laws 456.8-815 – General powers of trustee
Current as of: 2023 | Check for updates
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1. A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
Terms Used In Missouri Laws 456.8-815
- Fiduciary: A trustee, executor, or administrator.
- Property: includes real and personal property. See Missouri Laws 1.020
- 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 sections 456.1-101 to 456.11-1106.
2. The exercise of a power is subject to the fiduciary duties prescribed by section 456.8-801 to 456.8-814.