386B.8-150 General powers of trustee. (1) A trustee, without authorization by the court, may exercise: (a) Powers conferred by the terms of the trust; and (b) Except as limited by the terms of the trust: 1. All powers over the trust property which an unmarried competent owner has over individually owned property; 2. Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and 3. Any other powers conferred by this chapter. (2) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter. Effective: July 15, 2014 History: Created 2014 Ky. Acts ch. 25, sec. 74, effective July 15, 2014.
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