South Carolina Statutes
§ 62-7-815 — General 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 investment, management, and distribution of the trust property; and (C) any other powers conferred by this part.
(b)The exercise of a power is subject to the fiduciary duties prescribed by this part.
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South Carolina § 62-7-815 (General powers of trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2005 Act No. 66, SECTION 1; 2013 Act No. 100, SECTION 2, eff January 1, 2014.
Nearby Sections
15
§ 62-1-100
Effective date.§ 62-1-101
Short title.§ 62-1-102
Purposes; rules of construction.§ 62-1-104
Severability.§ 62-1-105
Construction against implied repeal.§ 62-1-106
Effect of fraud and evasion.§ 62-1-107
Evidence as to death or status.§ 62-1-108
Acts by holder of general power.§ 62-1-111
Authority to award costs and expenses.§ 62-1-112
Inherent power of court.§ 62-1-201
General definitions.§ 62-1-301
Territorial application.