Montana Code 72-38-815. General powers of trustee
72-38-815. General powers of trustee. (1) A trustee, without authorization by the court, may exercise:
Terms Used In Montana Code 72-38-815
- Fiduciary: A trustee, executor, or administrator.
- Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest therein. See Montana Code 72-38-103
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional, and successor trustee and a cotrustee. See Montana Code 72-38-103
(a)powers conferred by the terms of the trust; and
(b)except as limited by the terms of the trust:
(i)all powers over the trust property that 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.
(2)The exercise of a power is subject to the fiduciary duties prescribed by 72-38-801 through 72-38-817.