(a) A trustee, without authorization by a 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 chapter.(b) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.Acts 2005, No. 1031, § 1. (a) A trustee, without authorization by a 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 chapter.(b) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.Acts 2005, No. 1031, § 1.
Arkansas Legal Code