Arizona § 14-10815 General powers of trustee

Arizona Statutes

§ 14-10815 — General powers of trustee

Arizona·Title 14 Arizona Revised Statutes·Ch. 11 ARIZONA TRUST CODE·Art. 8 Duties and Powers of Trustee and Trust Protector

A. A trustee, without authorization by the court, may exercise: 1. Powers conferred by the terms of the trust. 2. Except as limited by the terms of the trust:

(a)All powers over the trust property that 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.

(c)Any other powers conferred by this chapter. B. The exercise of a power by a person acting in a fiduciary capacity is subject to the fiduciary duties prescribed by this article.

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A. A trustee, without authorization by the court, may exercise:

1. Powers conferred by the terms of the trust.

2. Except as limited by the terms of the trust:

(a) All powers over the trust property that 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.

(c) Any other powers conferred by this chapter.

B. The exercise of a power by a person acting in a fiduciary capacity is subject to the fiduciary duties prescribed by this article.

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