(1) A trustee, without authorization by the court, may exercise powers conferred by the terms of the trust and, except as limited by the terms of the trust:\n(a) All powers over the trust property that an unmarried financially capable owner has over individually owned property;\n(b) Any other powers appropriate to achieve the proper investment, management and distribution of the trust property; and\n(c) Any other powers conferred by this chapter.\n(2) The exercise of a power is subject to the fiduciary duties prescribed by ORS 130.650 to 130.730. [2005 c.348 §74]
Oregon Legal Code