United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 18-B, § 815: General powers of trustee, 2003

A trustee may exercise the powers given by the trust, plus certain default and statutory powers, without court authorization, but only as limited by the trust and subject to fiduciary duties.

trust administrationtrustee powers

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01

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“A trustee may exercise the powers given by the trust, plus certain default and statutory powers, without court authorization, but only as limited by the trust and subject to fiduciary duties.”

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    Enacted 2003 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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General powers of trustee

A trustee may exercise the powers given by the trust, plus certain default and statutory powers, without court authorization, but only as limited by the trust and subject to fiduciary duties.

Section 815

04

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Source record from legislature.maine.gov · Enacted 2003 · Source version 1 Oct 2025

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§ 815General powers of trusteeProvision

A trustee may exercise the powers given by the trust, plus certain default and statutory powers, without court authorization, but only as limited by the trust and subject to fiduciary duties.

1. General powers. A trustee, without authorization by the court, may exercise: A. Powers conferred by the terms of the trust; and [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] B. Except as limited by the terms of the trust: (1) All powers over the trust property that an unmarried competent owner has over individually owned property; (2) Any other powers appropriate to achieve the proper investment, management and distribution of the trust property; and (3) Any other powers conferred by this Code. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] 2. Subject to fiduciary duties. The exercise of a power is subject to the fiduciary duties prescribed by this chapter. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
Section 815Verify source

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  • 1 Oct 2025 · currentEnglish

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