30-3880 (UTC 815) General powers of trustee. - Nebraska Statutes

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30-3880. (UTC 815) General powers of trustee.(UTC 815) (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 the Nebraska Uniform Trust Code.(b) The exercise of a power is subject to the fiduciary duties prescribed by sections 30-3866 to 30-3882. SourceLaws 2003, LB 130, § 80.

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3880

30-3880. (UTC 815) General powers of trustee.(UTC 815) (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 the Nebraska Uniform Trust Code.(b) The exercise of a power is subject to the fiduciary duties prescribed by sections 30-3866 to 30-3882. SourceLaws 2003, LB 130, § 80.

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State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3880

30-3880. (UTC 815) General powers of trustee.(UTC 815) (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 the Nebraska Uniform Trust Code.(b) The exercise of a power is subject to the fiduciary duties prescribed by sections 30-3866 to 30-3882. SourceLaws 2003, LB 130, § 80.