Illinois § 815 General powers of trustee

Illinois Statutes

§ 815 — General powers of trustee

Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 8 - Duties and Powers of Trustee

(a)A trustee, without authorization by the court, may exercise:

(1)powers conferred by the trust instrument; or (2) except as limited by the trust instrument:

(A)all powers over the trust property that an unmarried owner with legal capacity 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 Code.

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

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(a) A trustee, without authorization by the court, may exercise: (1) powers conferred by the trust instrument; or (2) except as limited by the trust instrument: (A) all powers over the trust property that an unmarried owner with legal capacity 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 Code. (b) The exercise of a power is subject to the fiduciary duties prescribed by this Code.

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