[§554D‑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 that 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 chapter.

     (b)  The exercise of a power is subject to the fiduciary duties prescribed by this part. [L 2021, c 32, pt of §2]