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2017 Maryland Code
Estates and Trusts
Title 14.5. Maryland Trust Act.
Subtitle 8 - Duties and Powers of Trustee.
§ 14.5-815. Powers of trustee without authorization of court.
Universal Citation: MD Est & Trusts Code § 14.5-815 (2017)
- (a) In general. -- 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 that an unmarried competent owner has over individually owned property;
- (ii) Other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
- (iii) Other powers conferred by this title or Title 15, Subtitle 6 of this article.
- (b) Exercise subject to fiduciary duties. -- The exercise of a power described in subsection (a) of this section is subject to the fiduciary duties prescribed by this title.
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