New Hampshire § 564-B:8-815 General Powers of Trustee

New Hampshire Statutes

§ 564-B:8-815 — General Powers of Trustee

New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-B NEW HAMPSHIRE TRUST CODE·Subdivision ARTICLE 8DUTIES AND POWERS OF TRUSTEE

(a)A trustee, without authorization by the 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 administration, investment, management, and distribution of the trust property; and

(C)any other powers conferred by this chapter or other laws of this state.

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

(c)The powers of a trustee are subject to the provisions of RSA 564-B:8-814.

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(a) A trustee, without authorization by the 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 administration, investment, management, and distribution of the trust property; and
(C) any other powers conferred by this chapter or other laws of this state.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.
(c) The powers of a trustee are subject to the provisions of RSA 564-B:8-814.

New Hampshire § 564-B:8-815 (General Powers of Trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.