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2018 New Hampshire Revised Statutes
Title LVI - Probate Courts and Decedents' Estates
Chapter 564-B - New Hampshire Trust Code
Section 564-B:8-815 - General Powers of Trustee.
Universal Citation: NH Rev Stat § 564-B:8-815 (2018)
564-B:8-815 General Powers of Trustee. –
(a) A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
(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 administration, investment, management, and distribution of the trust property; and
(C) any other powers conferred by this chapter or other laws of this state.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.
(c) The powers of a trustee are subject to the provisions of RSA 564-A:3, IV.
(a) A trustee, without authorization by the court, may exercise:
(1) powers conferred by the terms of the trust; and
(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 administration, investment, management, and distribution of the trust property; and
(C) any other powers conferred by this chapter or other laws of this state.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.
(c) The powers of a trustee are subject to the provisions of RSA 564-A:3, IV.
Source. 2004, 130:1. 2005, 270:27, eff. Sept. 20, 2005.
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