§554A-5  Power of court to permit deviation
or to approve transactions involving conflict of interest.  (a)  This
chapter does not affect the power of a court of competent jurisdiction for
cause shown and upon petition of the trustee or affected beneficiary and upon
appropriate notice to the affected parties to relieve a trustee from any
restrictions on the trustee's power that would otherwise be placed upon the
trustee by the trust or by this chapter.



(b)  If the duty of the trustee and the
trustee's individual interest or the trustee's interest as trustee of another
trust, conflict in the exercise of a trust power, the power may be exercised
only by court authorization (except as provided in section 554A-3(c)(1), (5),
(17), and (23)) upon petition of the trustee.  Under this section, personal
profit or advantage to an affiliated or subsidiary company or association is
personal profit to any corporate trustee. [L 1985, c 61, pt of §1; am L 1987, c
283, §51]