West Virginia Code 44D-8-815 – General powers of trustee
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(a) A trustee, without authorization by the court having jurisdiction, may exercise:
Terms Used In West Virginia Code 44D-8-815
- Fiduciary: A trustee, executor, or administrator.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
(1) Powers conferred by the terms of the trust instrument; or
(2) Except as limited by the terms of the trust instrument:
(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 code.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.