2012 South Carolina Code of Laws
Title 62 - South Carolina Probate Code
Chapter 7 - ARTICLE 7. SOUTH CAROLINA TRUST CODE
Section 62-7-815 - General powers of trustee.


SC Code § 62-7-815 (2012) What's This?

(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 investment, management, and distribution of the trust property; and

(C) any other powers conferred by this part.

(b) The exercise of a power is subject to the fiduciary duties prescribed by this part.

HISTORY: 2005 Act No. 66, Section 1.

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